How to spot common NFT scams and avoid NFT hack attacks
As the market continues to expand and gather momentum, NFTs are becoming an increasingly popular target of scams and hack attacks. A nonfungible token (NFT) is a distinct type of digital asset on a blockchain. These digital assets offer ownership authentication and are not transferable like other forms of cryptocurrency. Each NFT is distinct and […]
DeFi glossary: Most popular terms you should know in DeFi
DeFi is redefining the standards of what we anticipate from finance, and for beginners, grasping the entire lexicon of DeFi terms may be rather difficult. To make it easier, we have simplified them down into simple terms. What is DeFi? DeFi is a developing industry that enables participants to conduct financial transactions without using a […]
Turkey gets ready for 2023 CBDC launch
The Turkish government intends to establish its central bank digital currency (CBDC) by next year. The President’s Annual Plan for 2023, which discusses a CBDC, reportedly was presented by Turkey’s Presidential Strategy and Budget Office. According to rumors, the Turkish Central Bank will launch a CBDC in 2019. A “blockchain-based central bank digital currency will […]
Blockchain-Based E-Voting System: Pros and cons
Blockchain technology has the ability to improve election results verification, boost the transparency of the e-voting process, and strengthen the security of voters’ personal data. Votes can be manipulated after they are cast and before they are tallied, but this risk can be reduced by using e-voting systems supported by the security features of blockchain. […]
What are the most popular DeFi use cases?
Projects using decentralized finance (DeFi) technologies are presenting solutions that serve as a replacement for centralized traditional financial services. What is DeFi? The term “decentralized finance” refers to a financial system that is not based on or organized around a central actor or institution but rather is driven by a multitude of dispersed actors and […]