Category: Cryptocurrency News

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We all know how crypto was in 2021 and seeing nearly 700 cryptos coming in and going out everyday was a lot in which nearly everything was a memecoin. But even for coins in top100 , there were a lot which was hyped for its project but it never really performed for the hype it…
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Business Insider has put out an explainer of Proof of Work and Proof of Stake that is predictably terrible and misleading. I'm going to address points in order from most egregious to least egregious. Proof of stake revolves around a process known as staking. This is a bit like voting Proof of stake is not…
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The Stellar Development Foundation (SDF) has published the end-of-year metrics for their ecosystem and the underlying network. Presented by Denelle Dixon, Executive Director, and CEO at the SDF, the metrics showed a significant increase across the board. Related Reading | How Stellar Will Host Ukraine’s CBDC Pilot Test With Tascombank In 2021, per the report by the SDF, the Stellar Network experienced a 32% rise in its number of total accounts with respect to 2020. The number of total accounts stands at 6 million. On the other hand, the Stellar Network has processed over 1.8 billion total operations. This represents a 127% increased since 2020. The total assets available on this ledger have risen from 8,639 to 90,297 which represents a 945% increase over the same period. The SDF claims the rise over these metrics suggests there is a growing interest in the Stellar Network. In that sense, they added the following while showing more data on “relevant assets”: It’s not just about raw network growth. We track growth in relevant assets – assets tethered to real financial instruments – and relevant asset transactions. Since the start of 2021, we’ve seen 11% of relevant assets, and a 2.3x increase in daily transaction volume of these assets. As a consequence, the Stellar ecosystem has expanded. The SDF records over 10 new anchors coming into the network during this year. This represents a 33% increase since 2020. The anchor services for this network stand at 30, as shown in the image below. Most of these entities are spread across the globe with a significant percentage in North America, Latin America, and Africa. 2021 The Year Of Important Partnerships For Stellar In 2021, the SDF saw the deployment of stablecoin USD Coin (USDC) on the Stellar Network. Managed by the Centre consortium, created by Coinbase and Circle, the USDC is one of the most important digital assets to transact in the crypto space. This was one of Stellar most important partnerships this year, the ecosystem was leveraged by MoneyGram and other major companies. In addition, the SDF’s Enterprise Fund invested over $74 million in projects for companies, such as AirTM, Tala, and Wyre. The community was a big part of this year’s progress for Stellar, as reported by the SDF. This organization worked with over 50 universities and thousands of students everywhere for hackathons and other activities. The initiative Stellar Quest welcomed new developers for this ecosystem and generated over 2,700, per the report. In that, the Stellar Community Fund was also a great success which granted over $4 million in the XLM token to be used for developing DeFi, NFTs, and many more use cases on this network. The SDF celebrated a “tremendous” 2021 and presented its strategic objectives for 2022. This includes increasing Stellar’s network capacity and innovation, increasing the level of participation, and “demanding and promoting diversity and inclusion”. Related Reading | Stellar To Power VISA’s New Partnership, XLM Begins Breakout As of press time, XLM trades at $0,28 with a 1.2% profit in the last 24-hours.

Now that we are heading out of purgatory, we can refocus on the longevity of these coins. I’m personally putting time aside during this 3 day weekend to thoroughly narrow my goals pertaining to crypto long term. For perspective: I’m 21 and I’m fond of the idea of decentralized currency for the mere sense you…
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I recently had this thought that has stuck with me on how I think NFTs could potentially change the entire watch industry. I believe it could ultimately create additional sources of income, drive consumer demand, and eliminate all counterfeited watches that are in circulation around the world. Let me break it down using Rolex as…
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Shaking up the basic concepts of heritage, legacy and history to enter the new era of Web 3.0 with Garry Kasparov through the use of NFTs.

What is your plan for 2022? What is your spread? Mine will be 50% BTC 30% ETH 10% DOT 5% XLM 5% ADA I'll keep Dca'ing monthly and that's basically my plan for next year. What is your plan for next year ? Are you going to DCA in or to DCA out? Do you…
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