BLOCKCHAIN-MARKET

  What is Initial Dex Offering or IDO? The benefits of IDO fundraising Photo by Ewan Kennedy on  Unsplash Initial DEX offering or IDO is a new fundraising model that offers better liquidity of crypto assets, faster, open and fair trading. IDO model is the successor of fundraising models such as ICO, STO, and IEO. Before we learn about Initial Dex Offering, let’s brush up on our knowledge on the fundraising concept via token sales. If a company wants to raise funds to build new products or expand its business, it has multiple options. The traditional option is to go for financial loans or investments from banks and VCs. However, since the success of cryptocurrencies — Bitcoin, and Ethereum, more companies had used it as an instrument for raising funds via token sales. Here, the company would create crypto tokens and issue them to the general public in exchange for Bitcoin, Ethereum, other major cryptocurrencies, and fiat currencies. This process is called fundraising via token...

Top 3 reasons why bitcoin Cryptocurrency Prices are on the rise Cryptocurrencies, especially Bitcoin, are now being considered as safe-haven assets against market volatility and inflation. The current societal and economic climate also brings about a situation for people to hold less cash and stay hedged against market swings. The cryptocurrency market has continued to witness a boom despite the global pandemic wreaking havoc on all significant economies on the planet. Many crypto startups have emerged in the space during this pandemic to cater to the ever-increasing demand for Bitcoin and alike cryptocurrencies. For instance, CoinSwitch Kuber recently announced the raising of $15 million Series A funding from leading global fintech investors such as Ribbit Capital, Paradigm, Sequoia Capital India, and prominent angel investor Kunal Shah from CRED. Cryptocurrency market capitalization fueled by Bitcoin’s growth recently crossed the $1 trillion mark. Out of which, Bitcoin, has been ...

  History of blockchain Blockchain has the potential to grow to be a bedrock of the worldwide record-keeping systems but was launched just 10 years ago. It was created by the unknown persons behind the online cash currency bitcoin, under the pseudonym of Satoshi Nakamoto. Cryptographer David Chaum first proposed a blockchain-like protocol in his 1982 dissertation “Computer Systems Established, Maintained, and Trusted by Mutually Suspicious Groups.” Further work on a cryptographically secured chain of blocks was described in 1991 by Stuart Haber and W. Scott Stornetta. They wanted to implement a system where document timestamps could not be tampered with. In 1992, Haber, Stornetta, and Dave Bayer incorporated Merkle trees into the design, which improved its efficiency by allowing several document certificates to be collected into one block. The first blockchain was conceptualized by a person (or group of people) known as Satoshi Nakamoto in 2008. Nakamoto importantly improved the de...