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Category Archive Blockchain

ByDavid Adamson

Diem Coin – A New Digital Currency Developed by FACEBOOK

Diem is a cryptocurrency developed on blockchain technology. It is launched by the most popular social media giant Facebook. The main motto behind shaping Diem is to empower millions of unbanked and under banked people by giving them equal financial opportunities and to bring everyone on to a single financial platform.

Diem, will help you in faster and quicker transactions, one can experience the lightning transaction with minimal or no charges. You can sit in your home and transfer money to another person who is in the other part of the world. And to this, all you need is a mobile with data connectivity.

Diem is developed on Blockchain technology, it is a decentralized programmable database that helps in backing the more stable currency, that will have the capability to become the medium of exchange for transacting money to millions of people around the world.

Diem is an independent association, it is a non-profit organization running with a vision to provide basic financial infrastructure and global currency to emancipate millions of people. Libra Association is formed by the compilation of validator nodes, mostly they are academic entities, international corporations, and social impact partners.

The Diem Blockchain is an assigned system that supervises exchange and ownership of Libra. In the process of transacting Libra, there is a slight chance of attacks on the system and here Blockchain helps in defending attacks using LibraBFT.

A perfectly developed and secured software is a must to protect the Diem Blockchain. A new programming language called MOVE is used in Diem. It is a safe and reliable programming language for Libra Blockchain. It is a sensible bytecode language used to implement smart transactions and smart contracts.

Diem is definitely a game changer in the field of cryptocurrency as it is backed by a stable reserve, there is no need of worrying about the fluctuations in the value of the Diem.

Libra Coin – A New Digital Currency Developed by FACEBOOK comes with an interesting infographic on Diem Cryptocurrency, checkout the following infographic and lets us know your feedback on it.

Note: Facebook changed its cryptocurrency project name from Libra Coin to Diem Association. Diem (formerly known as Libra) is digital currency by the American social media company Facebook, Inc. – Wikipedia

ByDavid Adamson

Taiwan – An Upcoming Blockchain Leader

With an area of 13,826 square miles and a population of 23 million, Taiwan is one of the smallest countries in Asia. But despite its size, this tiny East Asian island is serious about innovation and is set to become the next crypto capital of the world.

The island has made major efforts to advance the adoption of cryptocurrency and blockchain technology. These advancements have made the Asian nation-state an attractive destination for tech start-ups focussing on Blockchain.

Taiwan’s journey to becoming the next crypto capital of the world is fuelled, in part, by the efforts of one parliamentary congressman by the name Jason Hsu. Nicknamed the ‘Crypto Congressman’ by Ethereum cofounder Vitalik Buterin, Jason Hsu is on a mission to integrate blockchain technology on a national scale and promote the use of the technology on applications beyond cryptocurrencies. The goal is to make Taiwan a haven for people and organizations working on different applications of blockchain technology.

Who’s Jason Hsu?

So, who is Jason Hsu? How exactly does he hope to make the island ripe for blockchain development and integrate the tech in the public sector? Jason Hsu became an official legislator and a member of the parliament in 2016.

Before becoming a parliamentary congressman, Hsu was a Silicon Valley tech entrepreneur. He is a vocal proponent of blockchain and crypto in terms of Self-Regulatory Organizations (SROs). In his role as a congressman, Hsu has made it clear that Taiwan is open to blockchain and cryptocurrency innovation.

Before joining politics, Jason Hsu worked as an advisor to the prime minister focusing on developing information and technology-related policy. Since then, Hsu has been involved in the drafting of several legislations relating to virtual currency, autonomous vehicles, cybersecurity, and other technologies. Jason Hsu is very passionate about turning Taiwan to a blockchain island.

But how does the former Silicon Valley techpreneur plan to achieve that? By using his legislative powers to bridge the gap between technology and public policy and remove legal barriers to technology innovation in Taiwan.

Walking the Talk 

Since becoming a legislator, Jason Hsu has done a great job at introducing legislation aimed at helping Taiwan become a blockchain island. In an interview with Jason Hsu, one of our writers asked the learned exactly how the Taiwanese ‘crypto congressman’ plans to turn his dream of a blockchain island to reality.

In December 2017, Jason Hsu facilitated the creation of Taiwan’s fintech regulatory sandbox. The sandbox allowed selected start-ups to launch new products and services with some immunity from existing regulation for up to one year.

The Financial Technology Experimentation and Innovation Act, popularly known as Regulatory Sandbox Bill, is a historical regulatory overhaul that will usher in a new era for the island’s fintech. Creating the sandbox was a response for the Chinese government decision to block websites offering Initial Coin Offerings (ICOs) for new cryptocurrencies in mainland China two months earlier.

Ready and willing to walk the talk, Jason Hsu approaches his goal of helping Taiwan become a blockchain island with an entrepreneurial mindset.

What About Taiwan That Makes It Ripe for Blockchain And Technology Development?

With the help of Congressman Jason Hsu, authorities in Taiwan are making huge strides toward turning the nation-state to a blockchain island. The ‘blockchain congressman’ has helped create a bipartisan alliance designed to help support the blockchain industry.

The parliamentary coalition is currently working on implementing a number of crypto and blockchain legislations that nurture and cultivate blockchain and fintech and attract more start-ups to the island.

Jason Hsu is a former Silicon Valley tech entrepreneur. He’s the leading effort in transforming Taiwan into a blockchain island. The East Asian island has passed — or is in the process of passing — legislation designed to attract blockchain start-ups. Jason Hsu believes that the island is in a unique position to implement and develop blockchain technology.

According to the congressman, Taiwan’s large pool of talent has the potential to pilot and pioneer projects that can build actual applications for the blockchain and build Taiwan as a blockchain island.

ByDavid Adamson

What are the Challenges and Risks that are possessed by IoT & Blockchain

Blockchain is essentially a database that is home to constantly growing data records. It has got a distributive nature which means there is no parent computer that manages the entire chain of blockchain technology.

There are numerous nodes that participate in the system and have a copy of the chain. Nature is ever growing because silos of data keep adding to the database.

So, when a person adds a transaction to the chain, all the participating nodes in the link will validate that transaction. This is done by applying the algorithm to the transaction which verifies the validity.

The validity will differ from system to system and each valid transaction will be defined for a particular blockchain system. The majority of the participants will have to agree to validate the transaction.

A bundle of validated transactions are made into a block and then sent to all the nodes in the link. They also have to validate the new block created. Each successive block contains a hash, which is a unique fingerprint, of the previous block.

What are the challenges in Blockchain in IoT?

Coin Ideology Digital that is a blockchain marketing company is sharing with you challenges in Blockchain with IOT.

Scalability issues: The scalability problem vis-a-vis the size of Blockchain ledger may effectuate into centralization. The progress over the time entailed some sort of record management which raises questions of eclipsing the future of Blockchain technology. 

Processing power and time: The Blockchain based IoT ecosystem is comprised of diverse devices that function on different computing capabilities. This means performing encryption algorithms will not be easy for the objects that are a part of Blockchain.

All these varied objects will not get along in running the same encryption algorithms at a particular speed as needed.

Storage will be a big problem: Blockchain does not need a central server for storing transactions and device Ids. The ledger has to be stored on the nodes themselves, and the ledger will definitely augment its size over a period of time.

This will go on to become something that is beyond the capabilities of different smart devices such as sensors, which do not have high storage capacity.

What are the risks of using Blockchain in IoT?

Since Blockchain is a relatively new technology and is in a very nascent stage, there may be numerous problems swept under the rug and have not been detected. The new technology will obviously come with new risks.

Therefore, it is imperative that an organization is prepared with its umbrella of mitigation plans before the hurricane of problems arrive. You must be ready with analysis, assessment, and reduction of the risks anticipated with the introduction of this technology.

Vendor Risks:

The present-day trend is that most of the organizations looking to induct blockchain-based applications deploy the system completely in-house. They do not have the required skills and expertise to develop such a blockchain based system and also suffer from the inability to enforce smart contracts. The organizations refrain from reaching out for vendors for designing of blockchain applications.

The credibility of the vendors says a lot about the value of these blockchain applications. Since Blockchain-as-a-Service (BaaS) is in its incubation stage, business organizations should consider banking on vendors or blockchain development company that can cull out robust applications capable of mitigating the concomitant risks of the blockchain technology.

Credential Security: Blockchain is a very safe technology and the security is beefed up by its high-security levels. However, a blockchain based system’s security is dependent on the system’s access point. In present times, these systems do not provide multi-factor authentication.

This means that in a public blockchain system any individual having the private key of any user will be able to sign transactions on the public ledger. Another problem is that when an account’s private keys are lost, it will eventually lead to loss of data, funds, and other information managed by the account.

Legal and Compliance: There is no jurisprudence in the domain of blockchain technology which means there is a lack of a framework that determines right and their infringements. In the absence of any legal precedents to follow, there is a great risk posed on the IoT manufacturers and IoT development service providers.

This is a big challenge and is likely to become a bottleneck for businesses planning to switch over to Blockchain technology.

What is an ideal secure IoT Model?

A secure model of IoT is to be introduced with stringent validity checks, data encryption at all the levels, data verification, and authentication. In order to create an ideal secure model, the most important thing is to build in security in the very foundation of the IoT system.

In the absence of a secure and solid structure, the system will become very prone to threats and risks. The addition of different devices to the IoT will up the ante even more. The need of the hour is to design privacy protected IoT system.

ByDavid Adamson

How To Get Traffic By Instagram For Cryptocurrency Project

Cryptocurrency is an encoded, computerized, and decentralized cash that utilizes blockchain innovation. The blockchain innovation is amazingly secure and it’s really difficult to hack. It’s decentralized and individual units of cash are constrained by the general population that possesses it.

As an expression of digital money “cryptocurrency “ is humming with a new project and ICOs are launching nearly on regular routine, it’s essential to use every single imaginable channel, including social organizations. An Instagram standout amongst all other social networks to promote any type of ICOs and other cryptocurrency projects.

You can utilize the advantages of this kind of cash. This is something that isn’t associated with banks or any association. Resource tokenization is the new pattern of 2018. It’s presently quickly turning into a boundless instrument everywhere throughout the blockchain world. Today we can see the increasing number of individuals that are participating in creating and utilizing this innovation. The tokenization has turned into a perfect instrument for computerized resources and new quickly developing markets.

On the sixth of February, BANKEX’s MediaToken proposed a project that will empower the tokenization of Instagram accounts to gain profit from future advertising on the record. Turismospain was the first Instagram account to utilize this imaginative device – its tokens have just been issued and they are being exchanged on the trade.


Instagram was picked by MediaToken as the primary internet-based life stage for record tokenization because of a reason that in this digital world it is one of the quickest developing informal social media platforms. Instagram multiplied its supporters in 2017 contrasted with 2016 and made about $4 billion because of its new highlights like Stories and new channels. Additionally, the publicizing income is relied upon to reach $ 10 billion of every 2019.

Instagram can be an amazingly incredible channel with regards for displaying your images, videos, and items. However, a lot of advertisers aren’t utilizing the platform to its fullest potential with regards to redirect the audience to their sites. Buy real Instagram video views with your attractive content and earn money.

Instagram says you can’t connects your site directly in the posts so because of that your chances to drive direct traffic from Instagram are limited, which makes it hard for organizations who are hoping to manage their gatherings of people to their website. On the splendid side, Instagram has dependably enabled clients to have one outer connection in their profile, which makes it a prime area to urge guests to navigate to your site.

But instead of simply embedding your site’s landing page URL, you ought to tackle this connect to help further your business objectives. When you begin pondering utilizing your Instagram profile to drive traffic, you’ll open up such a large number of chances to develop your business – and the primary spot to begin is with improving your profile interface and try to optimize your bio link.

Here are three interesting points that will help you while strategizing on the most proficient method to utilize your connection in Instagram bio:

1. Distinguish Your Business Goals

Since in Instagram you’re just permitted one connection in your profile so you need to ensure that it will change over, and help you in achieving your business objectives.

Would you like to improve your deals? looking to develop your pamphlet supporters? Then, in that case, the initial step to buy Instagram video views for your post is to connect Instagram bio to have a consideration on what you need to accomplish when individuals visit your profile.

When you have your objective at the top of the priority list, you can recognize which connection will work best – for instance, in case you’re hoping to develop your bulletin endorsers, you should interface legitimately to a point of arrival where Instagram followers can join your mailing list. You can have an idea by looking at how some the account is utilizing it and managing their activities in the social profile. This is a powerful method to drive followers to where they need them to go and enable them to get their sign up for the business goals.

Try not to risk losing your group of people by sending them to your site and asking they discover your site to find sign up form.You should have more focus on connecting the right targeted URL which is more beneficial for your business.

Additionally, twofold watch that each connection you use in your profile works, and goes legitimately to were you targeted. Never, irritate your followers with your minor mistakes. Nothing’s more baffling to a client than a broken connection which can let you chance of losing deals as well as Instagram followers too.

2. Improve Your Instagram Link in Bio

While your Instagram bio connects is just a little piece of what makes up your profile, it tends to be powerful in the event that you streamline it.

Today, there are instruments like by Later which empower you to include connections or label items in Instagram presents on transforming your feed into an interactive, improved point of arrival.

That implies that with, every one of your Instagram posts can lead your group of onlookers to explicit pages on your site. By structure this association among Instagram and your marked site, you can push your group of followers to rapidly and effectively discover the items or data they’re searching for while looking through your Instagram feed.

When it’s set up, you should simply remind and control your supporters to tap the connection in your profile – a straightforward suggestion to take action from your posts’ inscriptions and Instagram Stories regularly functions admirably.

Way of life and news distribution Well + Good has actualized an Instagram procedure to advance numerous articles every day from their profile. By enhancing the connection in their Instagram bio with, their Instagram traffic expanded 179% year over year.

Instagram is, obviously, building up its own devices for advancing things inside pictures, and even recordings, with its Shopping Tags as of late extended to Instagram Storie’s substance, and it’s coming Checkout choice to encourage in-stream purchasing.

These capacities are still some time far from being taken off to all clients, be that as it may, so elective methods like may give a suitable option in contrast to numerous organizations.

3. Concentrate on Your Instagram Bio and Post Content

Despite what your objective is, ensure your profile duplicate is endeavoring to drive your followers to click that interface.

Investing some energy exploring your profile duplicate will truly satisfy – one thing to consider when composing your profile that should have embedded strong call to action in your lines. This content will help you in gathering your followers to click directly on your link and hence increases the profit for your business.

We all know social networks strategists are improving their creativity so that the can grow attention for their link. Some of the popular ways to drive traffic for your sites are emojis, images, videos, quotes, etc. To make their bio stand out Huff Post makes use of special characters, icons, attractive fonts.

So, whenever you plan to post something in the future, always try to embed call to action in your post captions, stories and make your followers directly to your bio to find out more links. This is something that always works to gather more traffic to your business goal. Be consistent and active to gain more profit.

Driving traffic to your website, an Instagram bio can play an important role and be a real game changer as it can convert Instagram followers into potential customers without investing much amount of money, time or efforts, Build a great strategy for it and optimize your Instagram bio a powerful tool for traffic driver

4. Post Quality Content

When your token dispatch, ensure you post however have much substance as could be expected to put on internet-based profile, particularly your blog. Particularly amid the time of your token prelaunch, dispatch and token deal, make as much straightforwardness and data around your undertaking, mission, and vision as could be allowed. Plain and straightforward. post with a  good quality substance can be a great deal. A big difference can be seen in the crypto project with good communication.

5. Consistency public communication is key for traffic

Remember that you regularly informing your community on what the team is doing on the crypto project. Try to communicate daily, monthly to keep your followers updated. You don’t need to be like those that never post, this can lose your audience interest about your project.

Be confident in your team and the progress you are making. You have to gain the trust of your target audience. A transparent and open communication will help you in gaining trust.

6. Careful about account logins, posting access and user permissions

You ought to have an extremely tight command over the record logins and the presenting access on the official brand profiles that you run. Not every person in your group should most likely sign in and post onto your internet-based social profiles.

Most web-based life the executive’s devices enable you to set distinctive clients to get to levels and posting consents. Just a couple of individuals ought to have the administrator level that enables them to post and they ought to likewise be the ones that audit the posts from other colleagues and affirm them before distributing.

There have been cases with internet-based life accounts being controlled by understudies who have committed errors and in the return, they have faced the problem.

7.  Normally assess the presence and measure the outcomes

Consistently assess the presence and measure the aftereffects of your promoting, substance and network exercises. Set development objectives and key execution markers, for example, the absolute size of your group of onlookers, the development, traffic on your site, number of internet based profile engagement, and the number of your token holders.

Contrast likewise your numbers with the quantities of your rivals. Benchmarking is straightforward in online life as most numbers are accessible openly so they are effectively caught and thought about.

ByTolu Ajiboye

Why Blockchain Will Fail: Blockchain Will Not Go Global Anytime Soon

In this blog post, we will share with you why blockchain will fail. Please read the blog post till the end.

For over a decade now, blockchain technology has been used in a large number of ways and up till today, more and more ways for the use of blockchain are being researched. Many sectors – especially health and energy all over the world – have benefited considerably well from this technology.

Also, if you’re a supporter of the Internet of Things (IoT) era, you can probably sit down and in the next few minutes, come up with different ways blockchain technology can be used in the advancement of the IoT. But with all this, one hard question on many minds and which we all must answer is “Why hasn’t blockchain been properly adopted all over the world?”

The current biggest use for blockchain technology is cryptocurrency. The different digital assets are built based on this framework even though some of them have their own custom chains e.g. Bitcoin, Ethereum and much more recently, Binance.

If the benefits of blockchain tech are this great, then what really is the problem? Why Blockchain Will Fail? Are ten years too long or too small? A few obstacles that must be overcome before global adoption is sure are listed below.

Difficulty in Understanding

The truth about blockchain technology, whether directly linked to cryptocurrency or not, is that there are still a lot of people who find it really difficult to understand how it really works. There cannot be proper global adoption if many people still view this knowledge as obscure and are unwilling to really digest it.

Even if we do move away from those who are downright stubborn and reluctant to learn, we have to take account of a large number of people who actually do want to learn but find all the details so tedious that they quickly lose interest. Is there a simple way to explain blockchain technology? Can we simplify it so well that people can understand and would be willing to give it a shot?

Absence of Regulation

A lot of blockchain proponents are very excited about the technology because of the absence of regulation. No one controls the blockchain and no one person has heavy authority over anything that happens using this technology. This is a fantastic feature but also a problematic one, simultaneously.

Cryptocurrency, for example, is great because it cannot exactly be impacted by the world’s governments and financial regulatory bodies. This means that money is largely unencumbered and no one can stop you from receiving some crypto in your wallet. On the hand, however, the lack of regulation scares many people who think that crypto is very risky and might not be worth a try.

Everyone currently knows that the markets are largely unpredictable and extremely volatile, so how exactly do we convince people to invest in something so unstable and fickle while reminding them that it’s completely deregulated?

Exploitation from Crooks

One very important feature of blockchain technology is its anonymity. Another one, deliberately separated from the first here, is its irrevocability. Even though transactions are public, there really is no way to tell who initiated what transaction and who was on the receiving end. What this means is that illegal activity being carried out on the blockchain is untraceable.

After getting over the fact that transactions can’t be traced, people still have to worry about the fact that they also can’t be reversed. This means that even if there was a way the anonymity could be unmasked, there is absolutely no way to revoke the transactions. Crypto is already the go-to currency in the deep-web exactly because of these features.


Transactions on the blockchain are generally purported to be considerably faster than regular payments. While this is right in some cases, there are other recorded cases where transactions are not completed until after several hours. The truth about this point is that there are some cases where something affects even traditional payments and people have to wait a while. However, the traditional payments are a more trusted method so even if there’s downtime, there isn’t a lot of worry.

For blockchain, if a transaction takes too much time, there may be some panic among the parties involved, especially if they’re new to the tech, because they know funds can easily be lost if there is a problem. How then do you convince people to use this technology when they know it can take time and they could lose their assets?

Transaction Complexity

The major way to send and receive crypto funds is to use an address. However, this is scary to most people because these addresses are too long and are made up of many different randomly placed letters and digits. First of all, most people can’t memorise their address.

Secondly, if you mistakenly put a wrong character somewhere, or you use a Bitcoin address to receive Ethereum, your funds are completely gone and irrecoverable. It really does seem like a little too much stress for the average person if they are being convinced to make the switch to blockchain technology.

What’s the Way Forward?

Expecting the world to be okay with blockchain technology and considerably adopt it any time soon, might be a bit of a pipe dream. There are still countries where the government is trying to make sure they do everything they can – which might not be much anyway – to stop people from using crypto and blockchain.

The benefits of blockchain technology could be pretty astounding but apart from patience added to the continued drive for mass adoption, is there another way to ensure blockchain technology goes global if all these problems aren’t solved?

About The Author

Tolu is a cryptocurrency and blockchain enthusiast. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge. When he’s not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover. Contact: Tolu.Ajiboye [at]

ByDavid Adamson

Importance of Liquidity in Cryptocurrency Exchange Development

In this blog, you will read about What is Liquidity? How do Cryptocurrency Exchanges work? and 5 Importance of Liquidity in Cryptocurrency Exchange Development.

What is Liquidity?

Liquidity refers to how easily an asset can be bought or sold at a stable price on a given market. The quicker you can sell off an asset as close to your asking price as possible, the more liquid an exchange is considered to be.

For cryptocurrency exchanges, liquidity can be supplied by specialized liquidity providers.

How Cryptocurrency Exchanges Work?

Cryptocurrencies are traded through either Centralized or decentralized exchanges. Those exchanges operate with a certain amount of buyers and sellers.

The market Participants create buying and selling through their bids. The Exchanges are also not trading at the same prices, but the price differences usually even out through simple market supply and demand.

Exchanges offering certain options, such as leverage, the option to short or fiat trading pairs are in a great advantage.

Additional drivers can include support for specific cryptocurrencies, where some exchanges specialize in supporting as many different cryptocurrencies as possible, while others support only a limited amount.

Importance of Liquidity

Fair of Price

A marketplace with high trading activity will ensure or rather force the sellers to sell at competitive prices and the buyers will naturally bid at higher prices.

This creates an equilibrium which was to be equitable for all the parties’ involved. The stability of that equilibrium is one of the greatest indicators of market stability. The most direct implication of market stability is fairness in pricing.

Faster Transactions

When something is said to be easily in the market for investments, it has to be essentially quick!

It is convenient to buy or sell cryptocurrencies of your choice in a liquid market as the orders will be quickly fulfilled because of a demand and a proportionally health supply. 

Trading Volume

The main factor that affects liquidity in the cryptocurrency market is that there are a lot of people who hold cryptocurrencies invest and trade coins for price increase instead of using them just as a medium of exchange.

Volume refers to the number of coins which have been traded in exchanges in the past 24 hours. The Volume here reflects the market activity of a particular coin, a higher volume shows that more and more people are buying and selling the coins.


The laws and regulations being followed in countries can have a huge impact on the liquidity. There are a few countries that have banned crypto trading.

This would further ruin the liquidity in that particular nation as a ban on digital currencies is equal to the ban on cryptocurrency exchange which means that it will be difficult for users to trade cryptocurrencies in that country.

If anyone is looking to own a cryptocurrency they will need to find a seller privately or rely on Peer-to-peer Platforms.


The credibility the volume and the cryptocurrency being accepted by the exchange depending on the acceptance of the currency by masses but also by merchants so that it can result in better creditability and Liquidity.

Bitcoin is being accepted as a transactional instrument by a few global companies like Amazon, Apple, Microsoft and PayPal.

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ByDavid Adamson

How Blockchain Technology Can Assist Banking Sector

The blockchain technology has the power to refurbish the banking sector with the safe, convenient and less time taking process.

Almost all the banks globally are working towards the involvement of blockchain technology in the banking sector and to further eliminate the total participators in a respective transaction.

Some banks accompanying with fintech firm that uses the blockchain technology and some are investing the money in blockchain startup businesses.

This significant technology will change the procedure of banking sector by enabling the more strength from the fintech startups, establishing new business structures and continuing with efficiency in order to reduce the stress. The important areas which will notice a change in operation is:

Secured Identity:

Both the bankers and lenders are required to check the identity of the opposite contender and the customers as banks are faithful guardians of the currency for the general public.

Regulating authorities expect from the banks to check individuality and make sure that the clients are legal and not involved in any sort of crimes.

Previously, the banks tried to establish a digital utility which is shared and makes the identities of the customers updated, but could not be fulfilled because of the increasing contradictory demands.

Some startups are working on the blockchain systems to check customer identification correctly. They work on Cambridge, Blockstack, and Tradle Blockchain.

Payment System:

As informed in the news that the central banks in the world are working towards apply Blockchain technology in payment sectors or anticipate to use the technology in order to introduce successful digital currencies.

The commercial banks in the countries are also emphasizing the Blockchain projects because they are facing challenges from the central banks as they are working to get an advantage of the unified Blockchain in the payment systems.

For instance, The UBS, Switzerland has come with the new result by the involvement of the utility settlement coin.

The purpose of the coin is to generate a digital coin which can be utilized while supplying tokens in financial markets and it can be converted into currency at the time of depositing the coin at the central banks.

Cost Reducing Clearing System:

Now, investment banks keep a record of loans and securities and in the process, they spend some billions of dollars in order to make it efficiently working.

According to the Accenture, prime investment banks can come up with around 10 billion of the dollar savings using Blockchain to surge the efficiency of settlement and clearing system in the world.

Richard Lumb, financial services head at Accenture has strong faith that the clearinghouse such as Australian Stock Exchange, Deutsche Borse, Clearing Corporation, and Depository Trust which are handled by the manual settlement currently will make the first bank sectors updated with the advanced technology of Blockchain.

Australian Stock Exchange is working already in the process to shift the clearing after the trade and settlement services to the Blockchain system.

Blockchain In Syndicated Loans:

Emmanuel Aidoo, Blockchain head at Credit Suisse, states that Blockchain technology will reduce the time taken in syndicated loan and make the process faster and efficient.

For instance, in the US, when a business raises funds over syndicated loans, it almost requires on an average 19 working days to settle this transaction process by a bank.

In case you repay the loan early or many hands involved in the loan going, most of the communication takes place by fax.

Streamline Trade Finance:

Trade finance works based on bills, credit and other papers of lading that are regulated in the world by fax. Introduction of Blockchain technology in the system will streamline the trade finance as the people require to approach the information again and again.

ByDavid Adamson

ICO Statistics 2021 (That Will Matter Most In This Year)

ICOs have withered past the initial wobbly days when they are subjected to much scrutiny and pessimism.

Despite the naysayers, the frequency of ICOs in the sometimes booming sometimes whispering cryptocurrency market has only increased.

This cements the fact that ICOs are destined for mainstream adoption albeit few regulations.

The past few months have witnessed a barrage of new and upcoming ICOs offering alluring big investment opportunities.

However, it is advisable not to be naive and get carried away with the promises on offer.

What is ICO Statistics in the ICO World?

In this blog, we look at some noteworthy ICO Statistics 2021 so that you are better equipped with insights before taking that promising rich road of ICO investment.

ICOs will keep Raining

For ICOs every day is a Friday with a line-up of ICO announcements, release and hosting. Till May on average each day 4 ICOs (approx) have hit the cryptocurrency market.

The month of May recorded the highest number 135 total ICOs. Considering the January figures which recorded 79 ICOs, it is very much evident that ICOs have doubled in 5 months and the road ahead leads to the sky.

Ethereum Has A big Future But There are Contenders Too

This year, we witnessed the rise and rise of Ethereum. A staggering 80.17% of the ICOs offered last year were ERC20 standard and this itself explains the dominance Ethereum Blockchain Environment has had on the infant dAPP market. But a closer look at funds raised by ERC20 ICO Tokens draw a somewhat disappointing story.

However, we must also keep in mind the Fork must have also forced investors to keep their hands deeply inside their pockets. Despite this it cannot be refuted that the future for Ethereum and ERC20 ICO tokens looks bright with new ERC20 tokens.

While Ethereum enjoys current market leadership it must be wary of the faint whispers that have risen from time and again claiming better transaction speeds and scalability.

The most prominent among these whispers have been from Waves as well as new blockchains like EOS, NEO and STELLAR.

The United States of America: The Land of ICOs

The US has had a mixed stand on regulations as far ICOs are considered. The policy on exchanges vary with states and this has helped catapult US as the leader in terms of total number of ICO’s released this year.

Not just in total number of ICOs, the US with alone accounts for nearly 3 Billion USD in funds raised by ICOs. In terms of capital raised US is followed by Singapore and Switzerland.

However, in terms of total number of ICOs, UK comes second with 260 ICO launches followed swiftly by Singapore (253) and Russia (251).


It would be too early to zero in on the winners of the ICO Olympics but standout performance do deserve a special note. While many may argue that Blockchain has many real world usage apart from ROI alone, investors would definitely beg to differ.

Especially when all we see flashing on our social media pages and other websites are rags to rics stories of early cryptocurrency investors.

An data analysis of ROI on ICOs reveal that there have been some true gems which promise more glory for early investors in days to come.

The first three ICO in decreasing order of ROI are:

  1. NEO (165,571.87% ROI)
  2. Emphy (101,301.72% ROI)
  3. Emirates Coin (23,488.12% ROI)

Reportedly, when launched NEO was pegged to $0.03. It currently stands at $53.02.

New Pricing and Bonus Structures

Early ICOs thrived on big crowd founding like Tezos which accrued $232 million in 2 weeks.

But now the landscape has changed with ICOs strategically stretching for practical hard caps as well as lockdown periods for bonuses to prevent swift token flipping.

Product and Services Driven

A proof of concept will be the key to a successful ICO in 2021. Unless there is a very credible team behind an ICO Project, expecting a great investor response to a white paper and a billion dollar idea alone would be a far cry from ICO Statistics in 2021.

Regulations: A blessing in Disguise

Last but not the least, with regulations set to creep in ICOs stand to both lose and gain from the move.

Especially those ICOs considered as securities by exchange boards across the globe would increase public trust and eventually attract investors including VCs.

As more Legislature, Judiciary and Executives across the globe draft regulations and limitations for ICOs, one should not be surprised if ICOs witness a surge in capital funds as well as public trust.

And with new sectors like Healthcare, Insurance and NGOs set to join in the Blockchain bandwagon expect the ICOs to fly even higher but this them with a tail too for better direction.

ByDavid Adamson

Ethereum vs EOS – The Blockchain Ecosystem Battle

The rise and rise of Bitcoin prompted many blockchain enthusiasts to implement blockchain driven solutions for other real-world problems.

This urged developers like Vitalik Buterin to develop new blockchain ecosystems that support decentralized apps.

Vitalik Buterin is the founder of Ethereum Blockchain. Ethereum ecosystem is based on smart contracts.

Smart Contracts are computer protocols or codes that execute the pre-conditions of a contract.

Only if the pre-conditions are matched, the transactions or contract is executed.

Smart Contract can be partially or fully self-executing, self-enforcing, or both.

This feature of Ethereum attracted wide-scale adoption from decentralized app developers around the globe catapulting Ethereum as the go-to platform for building and developing decentralized apps.

However, a recent development has challenged Ethereum’s crown. EOS, a young crypto based on an open source infrastructure, offers solutions and has all the features that make it the holy grail for decentralized apps.

Here are a few of the many key features of the EOS Blockchain.

The Team

The EOS Team is an ensemble of gritty successful entrepreneurs and technical experts that is a dream of all budding tech startups.

At top of the tree is CEO Brendan Blumer who also is one of the co-founders of is the parent company that oversees the EOS development, its deployment and fund management. Second to Brendan is CTO Daniel Larimer.

Daniel has already made a name for himself in the development circles as a designer of Steemit and Bitshares platform.

He lends his technical expertise to the project and oversees the development process. Other key figures include Bithump’s former CEO, Richard Jung as well as renowned experienced advisors like  Eric Schmidt and Mike Novogratz.

While Eric needs little introduction but still for those who don’t know Eric was Executive Chairman of Google from 2001 to 2015.

Whereas Mike Novogratz was an important pillar in Goldman Sachs Latin American and Asian Operations.

The core EOS team and its objective have attracted unparalleled reverence from one and all in the crypto circle.

The Flag Bearers for Decentralization

The advent of Blockchain or Bitcoin paved way for decentralized alternatives to long practiced centralized transactions.

However, the Bitcoin function was limited by functionality. It is for the efforts of people like Daniel Larimer that decentralized networks and solutions are now slowly becoming mainstream.

His previous projects were both industry disruptors that triggered the change/transition from centralized solutions to secure immutable decentralized solutions.

These include:

  • Steemit: A decentralized blog or social network
  • Bitshares: A decentralized exchange

While the above projects have no doubt carried the Blockchain movement forward, the EOS was to overshadow both of them in terms of scale and impact.

While the earlier two were limited to a particular user-specific decentralized solution, the EOS promises an environment in itself that will facilitate the creation, hosting, fostering and nurturing of decentralized apps of all types and purpose.

Though some may argue that this is similar to what Ethereum offers. But EOS promises Scalability and Speed. Scalability and Speed have been the Achilles heel for Ethereum since its very inception.

The EOS it seems has overcome it and this perfectly places him to be the epicenter for all future dAPP projects.

The Technology

EOS product development team has been hell-bent on developing futuristic scalable solutions and deliver a product that stays true to the promises it has made.

Some key technology ingredients that make EOS a perfect recipe for success are its innovative consensus model.

Unlike in Ethereum where proof of stake is feared to power a single stakeholder to direct block verifications as per his/her interests, the EOS implements DPOS (Delegated Proof of Stake).

The DPOS will reportedly have 21 block producers. This will check forks and misuse of stakes.

Secondly, another pressing issue is the long pitiable addresses which are hard to remember and most times difficult to read.

EOS users will be able to initiate any form transactions by their respective usernames alone.

Last but not the least a welcome change is sandboxing. Not only unusual app behavior on a user device will be immediately red flagged.

It will also be ensured that no apparent changes can be made that freezes the user account or dupes the network to steal.

Further  EOS gives its users the right to tag permissions with the data they share on the EOS Blockchain network.

This means that user can decide who can access the data and whether or not any third party can influence the data.

The Trade OFF

So what makes EOS a faster and better alternative than Ethereum?.

The pinpoint answer to this is tradeoffs. While Bitcoin uses Proof of Work and Ethereum employs Proof of Stake for validating blocks, both processes take time and are costly too.

This is where EOS uses DPOS technique.

  • Token Owners will select Block verifiers/producers via Votes
  • Votes are weighed as per stakes
  • Candidates that received most votes can validate/produce new blocks

The Auctions

The EOS ICO will last a full 341 days. This is staggering and unheard of before. No doubt many eyebrows were raised at the time but all prevailing skepticism has slowly but surely been put to rest.

It is now pegged to raise anything from $2.3 billion to $8 billion or even more. This could be the blockbuster ICO that legends would be written and folklores sang about.

What the EOS Promises Ahead?

The year-long EOS ICO will end up with Billions of dollars for EOS Team. This is no doubt a lot of money for a startup.

But it also brings a whole lot of responsibilities and mandatory promises that should be fulfilled at all cost.

With EOS confident of a decentralized system that is both scalable and lightning fast, we could see more and more transitions of current Ethereum based dAPPS into the EIS environment.

ByDavid Adamson

Day Trading Cryptocurrency Strategy and Tips

In this article, we will discuss day trading cryptocurrency strategy and tips for intraday trading in these digital currencies.

One of the reasons most people choose to invest in cryptocurrencies is because they can be traded for profits.

There are separate exchange platforms for the trading of crypto coins.

While it may seem like a simple process, similar to traditional stock trading, crypto trading is somewhat complex and may even result in a loss if you are not careful enough.

What is a Cryptocurrency?

A cryptocurrency is a form of digital assets that does not have any physical existence.

These currencies are created through a programming code and are designed such that the generation of new tokens and verification of funds transfer is regulated by high-level encryption technology.

At this time, Most of the cryptocurrencies are based on the blockchain technology, which provides the platform for the development, management and storing of these tokens and their transaction records.

Crypto Trading simply refers to the process of buying and selling cryptocurrencies.

What is Daily Trading or Day Trading?

Day trading, or intraday trading, is a specific kind of stock trading in which stocks are bought and sold within the same day, usually with a profit.

Nowadays, many cryptocurrency exchanges are also allowing their traders to buy and sell currencies within the same day during the official trading hours.

Day trading is a very calculated activity that should be done with extreme care. Professional day traders study trends, charts and the news very carefully, with a close eye on even the slightest price movements, in order to make the buy/sell decisions for the maximum profit on the day. They take calculated risks while capitalizing on even the minimal changes in the price of a currency within in a day.

Day trading is even more popular in the crypto industry because of the high fluctuations within minutes and hours in the prices of top currencies like Bitcoin and Ether.

If you are planning to intraday trade your cryptocurrencies, here are a few tips to help you earn more.

Strategy and Tips for Cryptocurrency Day Trading

Before you get started in the field of crypto trading, make sure that you know a good deal about the blockchain technology.

All cryptocurrencies out there are based on this technology, so it is important to know about blockchain in order to get familiar with the working mechanism of cryptocurrencies, which is crucial for determining the growth and fall trends of a particular currency. You can read about this on the internet.

Learn About the Tokens and Coins Before Trading

Once you get yourself familiar with the blockchain, the next thing to learn about is cryptocurrency itself.

As I said before, you cannot expect to do well in crypto trading if you know nothing about the token/coin you want to trade.

Find out things like how the particular cryptocurrency works, what the market price is, what the trends are. The more demand there is for the coin, the higher the chances of its price fluctuation.

Do You Know About the Risks involved in Cryptocurrency?

Crypto trading is a risky business, with intraday trading being even riskier. If you are starting in this field, make sure that you know all the risks involved.

First of all, know and follow the golden investment rule strictly: “Never invest what you cannot live without.” Invest only what you can afford to lose.

Also, cryptocurrencies are more prone to risks since they are free from any regulation.

The price fluctuation of cryptocurrencies depends on the demand and reaction for them in the market and various industries.

When You Should Invest and When To Stop Investing?

Like any other investment, you should know when to invest and when to stop investing in cryptocurrencies.

There is no golden rule. Yet the standard rule says that you should invest when the price is low and stop (sell out) when the price is high.

This is even more crucial in the case of intraday trading of cryptocurrencies since the price changes very frequently.

Keep Updated Yourself With The Crypto News

The market knows before you do. If the price of a particular cryptocurrency is about to go down, there might be some hints by experts and crypto news channels.

Therefore, it is wise to keep yourself updated with the news and blogs of the crypto trading industry to be able to make the right investment decision at the right time.

Purchase Cryptocurrency Thru An Exchange

This is the most significant point of this entire article.

The cryptocurrency you choose for trading will decide the fate of your trading activities.

In order to participate in an intraday trade, you first have to purchase a cryptocurrency through an exchange.

It is recommended not to invest all your money in one currency, but formulate a mix of risky and safe cryptocurrencies so that you do not lose a lot at once.

Make sure to pick currencies that have an actual demand in the market and are probably already being used in some practical applications.

Against, choosing a trustworthy exchange platform for your crypto trading is as important as investing in the right coin, if not more.

Set a Target

The investment world can be quite intimidating very quickly, especially for newcomers.

If you are just starting in intraday trading, be sure to add a security level by setting target profit and stop-loss.

A stop-loss is the lowest price limit that you set for your funds to be automatically (or manually) withdrawn, with a profit, when the price of the currency drops to a certain limit.

Similarly, a target profit determines the maximum profit/gain limit at which you will stop trading.

Be wise in your investments. Intraday trading is definitely more fulfilling but also riskier.

If you are not careful, you might lose your investment in just a blink. By following these simple tips, you can get the desired profits out of your cryptocurrency trading investment.