What is an NFT and why do they matter? NFT is a term that has been appearing all over social media and the news in the last few months. An NFT is a Non-fungible token, stored on a blockchain, which is essentially a digital ledger. NFTs function similarly to a cryptocurrency like Ethereum or Bitcoin. The major difference between interchangeable tokens like Ethereum and an NFT is that each NFT is uniquely different, hence the word non-fungible. An NFT can be a digital picture, song, file, and much more. Ownership of an NFT does not confer copyright or the ability to use legal action. Instead, it is more of a…
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How Cryptocurrency Changed My Life
I educated myself about Blockchain, and am not looking back
Most teenagers are excited for their 18th birthdays because they can legally get a tattoo, rent an apartment, or maybe go ski diving. I was excited because I was finally going to be able to buy into cryptocurrency, a concept that had already fascinated me for months prior to my 18th. That was a little less than 14 months ago, but I have never been so glad that I did anything. I have always had an infatuation with economics, the distribution of wealth, and how society functions in respect to currency. The idea that cryptocurrency could disrupt the current economic system fascinates me to no end. When I first got…
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A Quick Guide to Chainlink
The Largest Decentralized Oracle Network
Smart contracts are on the rise. With networks like Ethereum, Solana, and Cardano getting increasingly popular, more people than ever are utilizing the benefits of these contracts. Smart contracts are protocols or programs that execute on the blockchain when certain specified requirements are met. They can be used for financial reasons, medical reasons, gaming, and more. One of the biggest struggles facing smart contracts is ensuring the information they receive is accurate in order for the contract to execute properly at the time it is supposed to. This is where Chainlink comes in. A Decentralized Oracle Network The goal of the Chainlink network is to connect smart contracts to data…
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Politicians Preparing for The Crypto Future
How Bitcoin is Changing The Economic-Political Landscape
Governments all over the world are adopting cryptocurrency into their economies and day-to-day life. With the correct usage by federal governments, crypto could lead to massive leaps in infrastructure, the creation of millions of jobs, and could aid developing countries in building their economies. In the last year, the world has started slowly seeing the adoption of several different coins by countries all around the globe. The Bitcoin Law in El Salvador, which became effective on September 7th of this year, made the coin legal tender within the country. The adoption of bitcoin within the country has not gone completely smoothly, with some users falling victim to scammers and glitches…
