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Godfrey Mwirigi

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posts : 549

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IOHK: Types of Blockchain Consensus Mechanisms
IOHK: Types of Blockchain Consensus Mechanisms

The vast majority of blockchains are built on a decentralized network. PoW and PoS are two of the most well-known consensus protocols. There isn’t a universal consensus mechanism that works for all business models. According to Input Output Media, You may learn a lot about a blockchain’s levels of security, scalability, decentralization, and transaction verification techniques by examining its consensus process. The majority of blockchains are composed of a distributed network of independent nodes that cooperate to provide the transactions that occur on the network they all share.  Therefore, any blockchain network must include a system that enables its nodes

2 mins read
Nomura-Has-Launched-a-Crypto-Focused-VC-Unit
Nomura Has Launched a Crypto-Focused VC Unit

Nomura is establishing a new venture capital division. The unit will invest in businesses within the digital ecosystem. Steven Ashley and Jez Mohideen will lead the new division. One of Japan’s largest investment banks, Nomura, is establishing a new venture capital division to make investments in the cryptocurrency market. According to a statement released by Nomura on Wednesday, the unit will invest in businesses within the digital ecosystem with a focus on web3, blockchain infrastructure, decentralized finance (DeFi), and centralized finance (CeFi). The first offering from Nomura’s new digital assets division, Laser Digital, which was given the name today, will

2 mins read
+5000-EazyPay-Merchants-Now-Accept-Bitcoin
+5000 EazyPay Merchants Now Accept Bitcoin

Bitcoin services are approved by over 5000 Eazypay merchants in Bahrain. This is an excellent development for Bitcoin. The Middle East has focused a lot of emphasis on cryptocurrencies. The king of crypto assets, Bitcoin, is still respected by businesses, investors, and states worldwide. Recently, Bitcoin services have been approved by over five thousand Eazypay merchants in Bahrain.  According to reports, customers may now use their Binance App to scan the generated QR from Eazy’s POS and pay with their choice cryptocurrency at Merchant Stores in “Real-Time.” This is an excellent development for the cryptocurrency pair in the journey to

2 mins read
EOS-Is-Independent-With-Consensus-Upgrade-to-Antelope-3
EOS Is Independent With Consensus Upgrade to Antelope 3.1

The EOS platform will transition to being a more decentralized platform. This upgrade is for the open future and not for individuals. The Antelope framework offers the EOS community a new direction in the way the network is run. On September 21, the EOS community declared its independence, irreversibly altering the course of the platform. With a consensus update to Antelope Leap 3.1, the EOS platform will afterward become more decentralized. The EOS Network Foundation’s CEO, Yves La Rose, said that the network’s code will now be made available. We release the code, he said, “not for a select few,

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Temporary-Downtime-on-21-September-To-Fix-BitMEX
Temporary Downtime on 21 September To Fix BitMEX

The BitMEX platform is experiencing a computing issue. The issue is causing connection problems in their systems. The team has put BitMEX in maintenance mode to fix the problem. A BitMEX Twitter feed reports that the team is still looking into a computer platform problem that is creating connection issues in their systems, including sporadic access on API, web, and mobile as well as delays in Mark Price updates and in processing withdrawals and deposits. “Our Engineering team is working on identifying the root cause, while we remind our users that all funds remain safe.” BitMEX At 13:05 UTC, BitMEX

2 mins read
Robbery-of-Ones-Own-Bank-Has-Become-Heroic-in-Lebanon
Robbery of One’s Own Bank Has Become Heroic in Lebanon

Lebanese depositors are demanding access to their money. People have witnessed the erasure of an entire way of life. Lark Davies: “Keep starking Bitcoin”. A Times correspondent Ben Hubbard, who has spent much of the past decade in Lebanon, reports that “it genuinely feels like the country is falling down.” People have witnessed the erasure of an entire way of life. In the same regard, depositors in Lebanon held up two banks to demand access to their own money that was frozen in the nation’s crippled banking system, highlighting the despair of those who have been unable to access funds

2 mins read
I-Remit-Advances-Its-Use-of-Ripple’s-ODL
I-Remit Advances Its Use of Ripple’s ODL

I-Remit is a Philippines-based non-bank remittance service provider. I-Remit is among the early adopters of ODL. Internal treasury payments earlier face the same challenge as cross-border settlements. In order to improve its cross-border treasury flow, I-Remit, a non-bank supplier of remittance services with headquarters in the Philippines, has stated that it has increased its usage of Ripple’s On-Demand Liquidity (ODL) product. I-Remit is one of ODL’s early users and has been utilizing the payment system to send money across borders in real-time to the Philippines since 2018, according to a recent release by Ripple. I-Remit will this time enhance its

2 mins read
Alameda To Repay Voyager $200 Million in Crypto
Alameda To Repay Voyager $200 Million in Crypto

Alameda to Repay $200 Million in Crypto to Bankrupt Voyager. Sam Bankman-Fried is a crypto billionaire and well-known figure in the trading sector. Even according to Bloomberg, FTX allegedly tried to purchase Robinhood. According to a court document from insolvent Voyager Digital Ltd., crypto millionaire Sam Bankman-Alameda Fried’s Research will return around $200 million in Bitcoin and Ether that it had borrowed from the company. According to a separate filing made late Monday, the deal to return the cryptocurrency was made public after Voyager’s plea to have the loan to Alameda reimbursed was allowed by a New York bankruptcy court.

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SHIB, XRP, ADA, ETH Social Interest Spike Amid Collapse
SHIB, XRP, ADA, ETH Social Interest Spike Amid Collapse

Santiment released statistics regarding cryptos with the most social interactions. Cryptocurrency markets took a severe beating over the past week. Cardano is almost ready to launch its long-awaited Vasil hard fork. With cryptocurrency taking a recent dive in value, it’s interesting to see where social interests have now shifted. The leading cryptocurrency on-chain and social metrics platform, Santiment, has published intriguing statistics about the top cryptocurrencies with a lot of social interactions. The top cryptocurrencies with strong social interests in the previous few days include Ripple (XRP), Cardano (ADA), Shiba Inu (SHIB), Ethereum (ETH), and Polygon (MATIC). “Cryptocurrency markets took

2 mins read
What The ETH Merge Has Accomplished
What The ETH Merge Has Accomplished

Ethereum should use 99.9% less energy. Fewer than 40% of the energy used in mining was renewable. Good momentum will be for those projects that are built on top of Ethereum. It was no easy task to switch from proof-of-work to proof-of-stake, two different ways to operate the Ethereum blockchain. Before the Merge, Justin Drake, a researcher at the nonprofit Ethereum Foundation, gave a speech. “The metaphor that I use is this concept of taking out an engine from a functioning automobile,” Drake said. The potential reward is enormous. Now, Ethereum should use 99.9% less energy. According to one estimation,

2 mins read
Cryptocurrency market value slumps under $1 trillion
Cryptocurrency market value slumps under $1 trillion

Global cryptocurrency market cap falls under $950,000,000,000. Investors sold out riskier assets in the previous two months. The technology that underpins cryptocurrencies has significant uses in industries. According to the statistics website CoinMarketCap, the value of the cryptocurrency market on Monday dropped below $1 Trillion for the first time since January 2021, dropping as low as $950,000,000,000. The market for cryptocurrencies as a whole reached a peak of $2.9 trillion in November 2021, but it has since sputtered. Due to soaring inflation and concerns that central bank interest rate increases will stifle growth, investors sold out riskier assets in the

2 mins read
White House Releases Framework for Digital Assets
White House Releases Framework for Digital Assets

The White House released a comprehensive framework for the responsible development of digital assets. The comprehensive Framework doesn’t establish any new laws. Government agencies will launch new scientific and technical research. The White House yesterday released a comprehensive framework for the responsible development of digital assets, after six months of study by various federal agencies. The report details how digital assets could pose risks to investors, businesses, and our financial stability, and offers recommendations for mitigating those risks while still promoting innovation. President Biden’s executive order, which was signed in March of this year, gave the order to study cryptography.

2 mins read