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What Is Blockchain Interoperability
In recent years, distributed ledger technology has attracted widespread attention, not just for being the platform that underpins cryptocurrencies like Bitcoin and Ether, but as a potential game-changer when it comes to bringing a vast number of industries and services into the Web 3.0 era. Driven by the promise held by capabilities and functionalities of this technology, the number of blockchain platforms has continued seeing a rapid rise. However, despite recent advancements and a generally positive reception, the fact is that the blockchain industry remains heavily fragmented, with platforms following wildly different approaches and adopting diverging protocols. This has put the issue of blockchain interoperability at the forefront of developer’s priorities. Just how will this unfold remains a question mark, but today we will be walking you through all you need to know about interoperability and the paths being followed to achieve it. Let’s dive in.
10 Best Metaverse Games To Play In 2022
The race for the metaverse is only heating up as 2022 continues seeing major digital projects come to life. And just how valuable could it all be? Short answer: very. Global consulting firm McKinsey is forecasting that virtual worlds can generate up to $5 trillion by 2030. In addition, the firm also says that it’s plausible that we will live more than 50 percent of live events could be held in the metaverse. You might be wondering then what it is that we will be doing in the metaverse that could possibly be that exciting. Gaming, for starters, is already attracting millions of users to virtual worlds. And this is just the prelude to something even greater ahead. With that in mind, we'll be looking at the 20 best metaverse games in 2022 that you’ll surely want to keep in mind or even try out today.
10 Most Expensive NFTs Ever Sold [June 2022 Update]
We’re well into 2022 but the NFT craze isn’t going anywhere it seems. Investors and collectors flush of money have continued pouring in money into non-fungible tokens, from cat memes to pixelated apes to popular NFT collections like the Bored Ape Yacht Club and a lot - and we mean a lot - of punk-like avatars. In fact, sales are on pace to surpass last year’s total and they’re on track to hitting a total $90 billion by the end of 2022 despite NFTs prices seeing a downturn as of late. But what’s really moving the market and what makes people want to buy NFTs for tens of millions of dollars? How about you see it for yourself as you go through the list of the top 10 most expensive NFTs sold so far. ## 10 Most Expensive NFTs
Top 10 Blockchain Companies in 2022
Blockchain technology wasn’t on anyone’s radar up until a few years ago. And it has since taken the world by storm, mainly because cryptocurrencies tend to capture all the major headlines. But blockchains - also called distributed ledgers - have been quietly revolutionizing many other aspects of our daily lives, particularly when it comes to the way in which data is managed, protected and shared online. To put it simply, a blockchain is a distributed database with a collection of records of data and information, stored in blocks, that are linked together via cryptography. Each block contains a cryptographic hash function from the previous block, a timestamp, and the data related to transactions. The first decentralized blockchain was conceptualized by Satoshi Nakamoto and introduced in 2008 as the distributed ledger behind bitcoin transactions. Blockchains can be public entities, such as Bitcoin, or private networks, such as those developed by governments for central bank digital currency projects, known as CBDC's (central bank digital currencies). But the use cases of blockchain have extended to many industries, playing an increasingly important role in all types of sectors, from finance to entertainment to urban management and supply chain solutions. Now that we know what the technology is and what potential it might hold, it’s worth getting to know the best blockchain companies in the world and what they can offer when it comes to using this cutting-edge advancement. ## Top Blockchain Companies in 2022 Blockchain is now a major industry that has birthed several billion-dollar projects. Let’s take a look at the top companies making waves in the industry. ### 1. Binance
What Is a DAO? All The Basics Covered
If you're into blockchain and crypto (hard escape to headlines about the recent meltdown, right?), you’ll surely have come across the word DAO. DAOs, or Decentralized Autonomous Organizations, are an increasingly important part of the blockchain world and a great share of crypto projects implement it as part of their roadmap. But what is it all really about? Let’s take a look at what is a DAO and how one such organization works.
Best Cloud Mining Services In 2022
With the growth of cryptocurrency technology and a new wave of investors looking for alternatives to traditional trading, cloud mining has become a popular phenomenon. But often with the good comes the bad. Ponzi schemes and scams have started surfacing on what appears to be legit cloud mining sites. Users too often invest their money into a cloud mining service they find online and out of the blue - the company vanishes. Instead of generating a steady stream of passive income, many find themselves losing thousands. Despite untrustworthy sites out there tarnishing the reputation of cloud mining, with the right company, cloud mining can be hugely profitable without users having to lift much of a finger. If you are looking to dive into the world of cryptocurrency without having the technical experience or millions in your bank account, cloud mining is the way to go. Mining crypto no longer has to be a costly investment that bumps up your electricity bill and consumes every hour of your day. Instead, crypto mining has made crypto more accessible to all. The key is to pick reliable cloud mining solutions that fit your investment goals. ## What is Cloud Mining? Cloud mining is crypto mining through the cloud - instead of owning hardware that will increase your electricity bill and cost you an arm and a leg. Participants outsource computational work for crypto mining where they rent hash power from a company that mines crypto on their behalf. Cloud mining has many advantages such as not needing to deal with maintenance issues, high cost of equipment, equipment deprivation costs, and energy costs. It makes your life a lot easier. Before getting caught up in the nitty-gritty details, what is crypto mining? Mining is what keeps the cryptocurrency model intact, the process by which transactions are verified and new coins are released to the blockchain. This process involves computers solving unhuman-like equations known as hashes, the fastest correct answer gets a transaction to validate and therefore a reward of that crypto coin. Through the cloud mining process, you outsource the equipment from a third party that solves these hashes through a cloud mining contract, without having to purchase your own expensive physical hardware. By renting cloud computing power, you do not need to install and run the hardware and software, allowing for hassle-free passive income. So, how do you make money from cloud mining? Cloud mining companies allow people to open an account and participate in crypto mining through a pricing model, usually a commission. Users purchase a certain amount of hash power and profits are allocated in relation to the hash power purchased and the current price of the coin. Companies tend to have cloud mining profitability calculators to provide potential customers with clues on earnings expected for a given hashrate purchased. ## How Does Cloud Mining Work? Cloud Mining is where two worlds collide - cloud computing and cryptocurrency mining. Cloud computing is where users access the processing power and storage capabilities of huge computer systems that are maintained by the companies that own them. Think Dropbox, Gmail, and Facebook. Cryptocurrency mining is the process where computers crunch difficult numbers to solve hashes, creating new blocks on the blockchain. Even the most powerful computers find it complex to solve these hashes. A fast answer allows miners to validate transactions and release new coins. Mining is the backbone of the cryptocurrency model not only for the validation and release of coins but also because it maintains the blockchain's security. The blockchain is a distributed ledger, a database that is shared and synchronized across multiple nodes, making it accessible to multiple people and allowing transactions to be visible to all. Cloud mining is the hybridization of these two concepts. Cloud mining companies will set up massive mining farms, larger than a single individual could manage and mine cryptocurrency using their systems. Cloud mining sites will then offer contracts to potential customers who can purchase a percentage of the hash power for a period of time. Picture a warehouse with thousands of servers and rigs, cooling technology, and enormous power supplies, as well as experts maintaining the hardware. Remember that the more powerful and faster a computer is, the higher the likelihood of solving a hash and generating a block in a cryptocurrency’s blockchain. Users are essentially sharing their computational resources by renting out a powerful cloud mining service, increasing the probability of generating a block. If successful, they are rewarded with cryptocurrency, but the amount each receives is calculated through their purchased percentage of hash power. Within cloud mining sites, there are two types of models - hosted mining and leased hash power. The hosted mining model is the most popular model for mining Bitcoin where customers purchase or lease mining hardware located on mining farms. The equipment is regularly maintained and replaced when necessary by the cloud mining service provider. Customers know that technical issues are taken care of at all times, whilst having direct control over their crypto. The second model of cloud mining on cloud mining platforms is leased hash power. This cloud mining model allows customers to lease computer power from a mining farm while getting a share of the farm’s overall profits from crypto. Instead of renting hardware, customers are leasing a fixed amount of hash power. This model is most popular for altcoins, all cryptocurrencies other than Bitcoin. All customers need to do is open an account on a cloud mining site with this model and select their preferences such as the hashing power and the time period of the mining contract. ## Best Cloud Mining Services In 2022 While cloud mining can be hugely profitable, the risk lies in betting on the wrong cloud mining companies. The key to achieving financial independence through cloud mining solutions is finding the right home for your money to minimize risk. The following list includes the best cloud mining sites on the market in 2022 that you can trust to generate reliable passive income. ### 1. ​​Shamining
Star Atlas Review: How to Play and Earn With This Metaverse Game
The blockchain gaming universe is focused on offering monetary gains to its players. Along the way, the fun part of the game is often neglected. Repeated scenarios, senseless gameplay, and mediocre mechanics plague the game which manages to deter casual gamers from dipping their toes in the lucrative world of blockchain gaming. However, a space-themed blockchain game, Star Atlas, plans to change that perspective by offering a diverse outer space experience of the cosmos. Built on the Solana Blockchain using Unreal Engine 5, there’s a strong buzz going on around the Star Atlas metaverse, and both blockchain gamers and casual gamers have strong expectations from the project. In its infancy, Star Atlas combines an MMO concept in space with modern decentralized mechanics to create a game that is unmatched. In today’s round, we’re offering an in-depth Star Atlas review consisting of every minor detail. Fascinated by the concept of exploring the unexplored parts of the cosmos, taking control over a fleet of spaceships, and minting NFTs? Read on to find out everything you need to know about Star Atlas.
What is MetaFi: A Beginner's Guide
We’re living through times of rapid technological change - and development - that has seen the recent rise of blockchain-based platforms like NFTs, cryptocurrency, DeFi and the metaverse. More recently, Binance introduced a new concept aimed at tapping into the infrastructures needed to power virtual economies that can function in parallel with the real world - MetaFi. Meta-what? Sure, we get it. Understanding all of these concepts and ideas can be quite dizzying these days. But we got you. In this article, we will be looking at what exactly is MetaFi (digestible way, we promise), how can we see it in action, what will all of it look like in the future and what exactly is the MetaFi DeFi connection. Let’s dive in.
Best Bitcoin Faucets 2022: Top Crypto Faucets To Try
Crypto enthusiasts are increasingly turning to bitcoin faucets as a way to earn bitcoin. Simply put, this helps them get acquainted with the idea behind virtual currency. To earn it, they have to complete easy but interesting tasks on a crypto faucet website, like watching video clips. Also, there is a variety of other platforms to choose from. A crypto faucet determines if one can earn bitcoin and at what rate. The hourly reward is sometimes lower than $1, which is unsatisfactory. However, there are some profitable websites on the market. This article will deal with the idea of a crypto faucet and present the highest paying Bitcoin faucets. Even though they may not be the best solution in terms when it comes to making money, they are a great option for those who have a full-time job and would want to earn some on the side. As you’ll see, the tasks are uncomplicated and can even be enjoyable. Let’s dig in!
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