Rohas Nagpal Chief Blockchain Architect at Hybrid Finance (HyFi) Blockchain
Terra is the second-largest Decentralised Finance (DeFi) blockchain - after Ethereum. The total value locked (TVL) in Terra is over $15 billion. Terra is an open-source public blockchain protocol for algorithmic stablecoins. It enables the creation of fiat-pegged stablecoins that can be spent, saved, traded, or exchanged on the Terra blockchain. ...
27 January 2022 /crypto Blockchain in Banking and Financial Services
Celo is a proof-of-stake mobile-first blockchain that "makes financial dApps and crypto payments accessible to anyone with a mobile phone". It has an average block time of 5 seconds and is Ethereum Virtual Machine (EVM) compatible. Celo uses mobile phone number mapping to public keys. Celo transactions are fast & light because the bl...
26 January 2022 /crypto Blockchain in Banking and Financial Services
Polkadot is not a conventional blockchain. It is actually an ecosystem of interconnected blockchains called parallelized chains (parachains). Parachains are application-specific and they plug into a single base platform called Relay Chain. The Relay Chain does 2 main things: 1. It secures the parachains. 2. It contains Polkadot's consensus and vot...
25 January 2022 /crypto Blockchain in Banking and Financial Services
Algorand is a new-gen blockchain that is bridging the decentralized and centralized world of finance. Its native crypto is ALGO. Algorand Standard Assets run on the blockchain's "Layer-1" and include fungible, non-fungible, restricted fungible, and restricted non-fungible assets. Here's what I like the best about Algorand Standard Asset...
24 January 2022 /crypto Blockchain in Banking and Financial Services
Ethereum is NOT a blockchain. It's NOT a cryptocurrency either! It's actually a protocol (a set of rules or procedures) like "HTTP" or "HTTPS". Multiple independent blockchains run on the Ethereum protocol. When most people talk about Ethereum, they are talking about Mainnet - the primary public Ethereum production blockchain. T...
18 January 2022 /crypto Blockchain in Banking and Financial Services
The much-awaited Government of India report on blockchain and virtual currencies is finally available for the public. The report: promises a massive boost to the blockchain sector in India, and delivers a fatal blow to bitcoin, Ripple XRP, ethereum, and other crypto-currencies through the proposed law titled “Banning of Cryptocurrency & Regula...
23 July 2019 Blockchain Observations
A new open source project called YobiChain enables anyone to build a private blockchain ecosystem preloaded with development tools, database, web & FTP servers and a simple blockchain application. Within minutes. YobiChain is ideal for: Startups looking to quickly build a blockchain powered prototype, Proof of Concept or minimum viable prod...
25 March 2017
Our ancestors started off with the barter system – something like “I will give you 2 buffaloes in return for 5 shiny new super-sharp axes”. Soon they realized that the barter system had too many limitations – everyone didn’t want buffaloes, buffaloes were neither divisible (not too many people would want 0.35 buffaloes) nor very portable (imagine ...
06 December 2016 /payments
Abstract: Crypto-currencies (bitcoin et al) have caught the attention of Governments, enforcement agencies, geeks and the general public. This document provides a simple introduction to crypto-currencies and briefly introduces terms such as cryptography, hash functions, proof-of-work, digital signatures, mining, merkle root & tree, crypto-cur
17 October 2016 /payments
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