Ropsten Merge On the 9th of June 2022, it was announced that the Ropsten Testnet has successfully merged with the Beacon Chain. Below, we summarize what is the Ropsten testnet, the Beacon Chain, and the implication of this merger. Ethereum Testnet Ethereum is one of the most popular blockchains in the world, with […]Read full post
Consensus mechanisms are a type of tool manipulated by blockchains to safeguard themselves and function as a ledger for cryptocurrencies. A great variety of diverse consensus mechanism forms are adopted as blockchain technology advances rapidly, and thousands of freshly created cryptocurrencies emerge. Proof of Work (PoW) and Proof of Stake (PoS) are two commonly […]Read full post
In the cryptocurrency and art scene, “Non-Fungible Tokens (NFTs)” is one of the latest buzzwords that have been going around. In fact, ‘NFT’ was designated as Collins Dictionary’s word of the year for 2021. “It’s unusual for an abbreviation to undergo such a stratospheric spike in usage,” said Alex Beecroft, Managing Director of Collins Learning, […]Read full post
In recent years, the cryptocurrency market has received a lot of attention, driving cryptocurrency adoption up at an increasing pace. Global cryptocurrency adoption has increased by 880% over the previous year and an estimated more than 300 million individuals are using cryptocurrencies worldwide. However, as the public’s interest in cryptocurrencies grows, so does the number […]Read full post
According to the United Nations, it is projected that 68% of the total global population will be living in urban areas by 2050. With this growing number of individuals moving to urban areas, efficient and effective management becomes increasingly essential for the sustainable development and growth of these urban areas. In order to solve this […]Read full post
As decentralised finance (DeFi) is slowly becoming more widely adopted around the world, being able to understand the technology behind DeFi allows for better security protocols to prevent fraud and lower the risks involved. One of the key building blocks that allow the DeFi ecosystem to thrive is liquidity pools. Why are Liquidity Pools Needed? […]Read full post
With the continual developments in blockchain technology, the adoption and use of decentralised finance (DeFi) is becoming more and more common. Broadly defined as any peer-to-peer financial service that does not require the regulation of a centralised intermediary, the use of DeFi enables one to engage in financial services (such as normal transactions) without the […]Read full post
In 2020, Singapore launched the $12 million Singapore Blockchain Innovation Programme to strengthen and bolster growth in the local blockchain ecosystem. By collaborating with nearly 75 different companies, the programme aimed to conceptualise 17 blockchain-related projects in various sectors. Combined with other efforts established to encourage blockchain development and adoption, Singapore has positioned itself as […]Read full post
As the adoption of cryptocurrency becomes increasingly widespread, blockchain technology is now something that no business or financial institute can completely ignore. But apart from being a buzzword, what is blockchain technology and why is it becoming more prevalent? The Problem Blockchain Serves to Solve Almost all transactions required an intermediary before blockchain was implemented […]Read full post
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