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The Tale of Two Tokens: A Comparison Between WBTC and LBTC

  • LBTC is issued by the Liquid Network, which runs parallel to the Bitcoin network.
  • WBTC is an ERC-20 standard token, developed for using Bitcoin over the Ethereum network.

Bitcoin, the ancestor of all cryptocurrencies and blockchain networks, is wise but suffers from old age. It is highly popular, trusted, and decentralized but experiences the pain of scalability and high transaction fees. Due to its early years of activity, it was a cherished pioneer, inviting developers and users, creating value, and achieving success. However, the same popularity and traditional consensus method gave rise to network congestion, leading to higher network fees.

Learning from this and seeking to aid their older counterpart, later networks focused on providing scalability solutions with higher transaction speeds and low gas fees. Additionally, there was a need to utilize the potential of a coin of such value on other platforms, like Ethereum, which hosted many DeFi-centred applications. These needs gave rise to the development of two prominent tokens, namely Liquid Bitcoin (LBTC) and Wrapped Bitcoin (WBTC).

Utilising Value through WBTC

Ethereum hosts several DeFi apps, which have become a crucial part of modern cryptocurrency-centered transactions and trading. However, since Bitcoin does not support smart contracts, the use of Bitcoin was limited to its own blockchain. Users had to depend on centralized exchanges like Coinbase or Kraken, which restricted them from fully utilizing Bitcoin’s potential.

The solution came in the form of WBTC, an ERC-20 standard token on the Ethereum mainnet. It was launched in January 2019 and is pegged to Bitcoin in a 1:1 ratio. Any user wishing to mint WBTC can do so by sending Bitcoins to a recognized WBTC merchant. The merchant performs Anti-Money Laundering (AML) and Know Your Customer (KYC) checks.

After completing these checks, the BTC is sent to a custodian who holds it in the reserve address and issues the equivalent amount of WBTC to the merchant, which is then sent to the user. WBTC tokens are always backed by Bitcoin tokens and can be used in decentralized exchanges (DEXs) on Ethereum. Currently, there is more than $4.8 Billion in value locked up in WBTC, according to Coinbase.

Quicker and Cheaper Transactions through LBTC

Liquid Network is an independent sidechain that runs parallel to the original Bitcoin chain and is a layer-2 solution to provide scalability and improve performance. It was launched in 2018 by Blockstream to offer fast and confidential transactions. Although it uses the same base code as Bitcoin, it has its separate ledger and unique consensus method, giving rise to LBTC, a tokenized form of Bitcoin.

While Bitcoin relies on Proof of Work (PoW) consensus, the Liquid Network depends on its Liquid Federation for block creation and transaction validation. This federation is made up of several crypto-based companies serving as exchanges, game developers, trading desks, and more. The list includes Coincheck, Coinone, aquanow, and several others.

A subset of this federation with 15 members performs all functions in the Liquid protocol. These include proposing new blocks and managing the two-way Bitcoin peg. The LBTC is pegged in a 1:1 ratio with Bitcoin and is burned or created in an equal ratio as locked in the network.


Both tokens were designed to serve different purposes, and users may choose between them based on their needs. LBTC was mainly designed to offer faster and more private transactions than possible over the Bitcoin mainnet. As it follows a more rapid consensus mechanism, transactions can be completed in just 2 minutes compared to the current 10-minute block time in Bitcoin.

WBTC was primarily designed to bridge the gap between Ethereum and Bitcoin and is widely used by investors who wish to harness the power of Ethereum through the value of their Bitcoin holdings. Both tokens, nevertheless, broaden the perspective of Bitcoin and are powerful tools for users and investors.”

Top Mistakes Cryptocurrency Startups Should be on the Lookout for

  • Cryptocurrency startups are fairly new in the zone of tech innovation. It’s natural to commit many mistakes.
  • Common mistakes include not analyzing technical weaknesses such as trading volume, tokenomics, blockchain operations, user retainment, and many more.

Some of the common mistakes by cryptocurrency startups are in product management, resource management, and blockchain operations. Sometimes, the entrepreneurs may overlook indicators such as monthly active users, trading volume, TVL, tokenomics, etc. Weak marketing strategy and not building an industry network, community building could create hoops in the path.

Another important one comes when the entrepreneurs cannot identify efficient usage of the blockchain network and how much is needed, leading to unnecessary costs that could be avoided.

Cryptocurrency startups are on the rise with the increasing adoption of DeFi. As it is with any industry, beginners commit many mistakes. Some mistake patterns are fairly common. In this article, we’ll explore common avoidable mistakes that young crypto enthusiasts make while starting their own companies.

Poor capital management

Reckless handling of funds: After succeeding at finding investors and venture capitalists for your business, your duty is to prioritize your business decisions as to where the funding should be spent. Always focus on the primary business, which is your cash cow, to start generating revenue. Direct all the operations and conduct hiring only related to your primary crypto-related product.

Over-raising: Instead of over-raising, gradually scale your business by onboarding investors as you move along. Raising capital more than what you can efficiently expedite, might add to your liability as it will incentivize you to allocate resources to wasteful aspects of the business. 

Keeping all your eggs in one basket: Diversify your assets if you see a good inflow of cash from investments, crowdfunding, sales, revenue, etc. Companies that put their money in FTX, and the Mt. Gox heist can give sound reason to pay heed to this age-old advice. 

Cold storage, multiple wallets, escrow, multi-sig, etc. can be ways to use the resources available in crypto. Apart from that, as a company, you can seek a wide range of instruments as well. A secure platform is always more welcoming to investors as well as clients.

Product Development and Management Mistakes

Not establishing a USP: Work up a Unique Selling Point for your business to avoid competition and attract a customer base. Make sure that your business has practical use cases for the claimed solution to the problem statement. Standing out from the crowd is the only way your business can thrive in a market with longstanding providers already.

Not giving enough attention to technical indicators: It is always advisable to have a token or adopt an existing one as native to your business if you want to scale up your business in the long run. Pay close attention to the trading volume of your native token and incentivize activities that aid in increasing company valuation, market cap, and Total Volume Locked (TVL).

Another crucial indicator is Monthly Active Users (MAU). Attracting users to your platform is just one part of the job. Retaining them every month is what is the litmus test for whether a dApp will work or not.

If you have your own token, having very effective tokenomics is the key to unlocking huge profits. Constantly upgrade tokenomics, incentivize native tokens, staking rewards, token yields, token burn mechanisms, percentage-wise ecosystem allocations, community benefits, etc.

Pushing the product before it is optimally operational: Many startups make the mistake of pitching ideas and potential capabilities of their products before they are operational. Investors only like to invest in projects that have an up-and-coming product at hand. Also, making huge promises before the product can create value in the market does more harm than good to the company’s reputation.

Not developing a proper mobile app: Most traders, inventors, developers, etc. access dApps through smartphones only. Mobile is the primary medium to access DeFi for users in developing nations. 

Most everyday users also prefer mobile apps over opening their PCs every time. So whatever your product is, make sure you develop an app accessible over most cell phone operating systems. The app should have a clean UI must be very much user friendly for a good UX, and must be fast and secure.

Misunderstanding and improvident use of blockchain: Don’t jump on the blockchain bandwagon just because it’s hyped. Don’t use blockchain if you don’t have to. There are a wide range of offerings in the market. There has to be a clear understanding of where blockchain can enhance the business and where it’s just a waste of resources and complicates the processes.

Marketing Mistakes

Failing to create a unique brand identity: Whatever your USP is, make it loud and clear that the company stands on its groundwork. Establish expertise in it. Develop a thought leadership strategy for it. Hire professionals with expertise in brand management and strategy who can create a solid brand identity for your startup.

Lack of a solid marketing strategy can fail businesses despite innovative ideas, solid technological background, and decent products. That’s what happened with New Coke and Volvo’s Phaeton.

Product is undoubtedly the soul and identity of a business but marketing is an aspect that a startup cannot afford to underestimate. An expert marketing team is essential to identify consumer patterns, user base, and user behavior and come up with creative marketing campaigns.

Neglecting the Power of Networking

Not Being proactive to engage in industrial networking: Networking could be a form of highly effective marketing. Make sure that you or a company representative attend as many Cryptocurrency and blockchain-related events and conferences as possible. This will not only help you make valuable connections to leverage your business deals but also give you a chance and platform to talk and raise awareness about your business.

You also get a chance to get honest, insightful in-person feedback from industry experts, potential customers, and investors. Networking with other startups, technocrats, and innovative, creative, and intellectual thinkers, and interacting with other people working in the same field significantly helps in accelerating growth. These can also be excellent platforms to attract VCs and tech evangelists.

Foster relationships with industry influencers. This helps in promoting the company. There have been instant price rallies for many startups in the past just because a key influencer commented, tweeted, or posted about a certain company. They can even help your startup with PR.

Another key point to remember is — don’t be anonymous. Constant interaction with customers and business partners gives a “human factor” to your startup, which not only increases visibility but also builds reputation. Always have an “Our Team” page on your website to give a face to the company.

All of this is essential to the business, especially because — a creator wanting to remain anonymous sends alarms ringing to the users, given the past experiences of scams and rug pulls rampant in the Cryptocurrency industry.

Lack of hiring diligence: Human capital is just as important for a startup as financial capital. In the initial days of a startup, when payout may not be comparable to established businesses, it’s hard to attract talent to work for you. Therefore, a well-thought-out and built-up hiring process is vital.

The founders must themselves examine the applicants, for the chances are that the candidate may not fully understand the specific nascent technology of the startup. Partner with a VC who can bring a pool of crypto-specific talent via their network and carry out a scalable talent practice. A recruiting agency might also be very helpful who has previously worked with people in the field.

Another technique that would be specifically helpful for Cryptocurrency startups is an Applicant Tracking System (ATS). It aggregates all candidate data on a centralized system to track and source potential employee profiles. It will build a network of trained and specifically experienced candidates in emerging Web3 technology.

Lack of connection with the audience and community building: The whole concept of decentralization, based on cryptocurrency, means that the power resides in the entire community involved in the ecosystem. Get involved in the Cryptocurrency community to retain the goodwill and trust of users.

This also fosters an emotional connection in the community which helps in long-term sustenance. Engage with them on platforms like Twitter, Reddit, Quora, Tumblr, Pinterest, and YouTube. It works like a reminder, promoting your business and reassuring the public about the startup being in a healthy and active state.

 What Are Bitcoin Ordinals? And Why Are They Called Bitcoin NFTs

  • Bitcoin Ordinals have uniquely numbered Satoshis with some inscribed data like text, audio, video, or images. 
  • Satoshi is the smallest denomination of Bitcoin, with 1 Satoshi = 0.00000001 BTC.

Bitcoins are fungible. This means all the bitcoins are the same as the physical coins we use. Ordinal theory, launched in Jan 2023, allowed the creation of unique and non-fungible Satoshis. The theory, with the Taproot and SegWit updates, laid the foundation for creating Bitcoin Ordinals, popularly called Bitcoin NFTs. 

The NFTs We Know Now

Bored Ape Yacht Club (BAYC), CryptoPunks, Mutant Ape Yacht Club (MAYC), and Decentraland are some top NFTs. However, they are all based on the blockchain networks of Ethereum and Solana. They had advanced features of TokenID and Metadata, which supported them. Any changes in Bitcoin’s original code are complicated due to its decentralized nature, and Bitcoin did not have NFTs.

Ordinal Theory

Ordinal Theory was a protocol to identify each Satoshi in the Bitcoin network through numbers. Satoshi is the smallest denomination of Bitcoin, with 

1 Satoshi = 0.00000001 BTC.

The idea was to number each Satoshi in the order of their Genesis from the Bitcoin first used in 2009. This made each Satoshi unique compared to others. The numbers are called Ordinal Numbers, with the first Satoshi having an Ordinal number of 0.

Foundation for Bitcoin NFTs

The SegWit and Taproot updates were launched separately and for different purposes. However, they unintentionally laid the foundation for Bitcoin NFTs.

  • SegWit: The Segregated Witness update was launched to free up the limited space in a Bitcoin block. Previously, the transaction and witness data were stored on the bit block and used up lots of space. After this soft fork, the Witness data was kept in a separate parallel chain. 
  • Taproot: A protocol launched to improve the network’s security, scalability, and efficiency. 

These two updates made it possible to store more arbitrary data on the block and make it easy to store this data. They together laid the groundwork for Bitcoin Ordinals. 

How Bitcoin Ordinals Work?

The concept of Bitcoin ordinals can be understood in steps:

Step1: Creating a unique Satoshi

With the help of Ordinal theory, which numbers the Satoshis, creating a unique Satoshi is possible. This is analogous to TokenID used in NFTs to make each one unique.

Step2: Inscripting the Data

The Satoshi can be inscribed with specific data such as Audi notes, Video Text, and Images. This is analogous to an artist drawing something on a dollar note. This is done while a transaction is in process, and this data is included in its arbitrary data. 

Are Bitcoin Ordinals and NFTs the same?

The code of the Bitcoin Network does not recognize the Ordinal Theory. Some bitcoin enthusiasts started numbering the Satoshis, and others, seeing the prospect joined them with innovative ideas that respected the theory.

  • An Ordinal is still a Bitcoin implying it can be used for transactions, whereas NFTs are not cryptocurrencies. 
  • The user has control over whether to value the Ordinal or not. He may ignore or not be interested in the value his Satoshis hold and may use them as before for transactions. Others may preserve them for their intrinsic value. 
  • Smart contracts can’t be executed on Ordinals, whereas NFTs heavily rely on them for royalties and digital memberships.
  • The metadata for NFTs is stored on a separate parallel chain to the primary network. However, all the data for Ordinal is stored on the Bitcoin network only. 

Community and Ordinals

The Bitcoin community is both welcoming and brushing off these Ordinals. Some are excited about the cultural richness these will bring to the network. This will lift its reputation from a financial network to a broader definition. Furthermore, as more data is included in a transaction, the gas fee increases. The BTC now has to compete with Satoshis for block space, decreasing transaction speed. 

Popular Bitcoin Ordinals

Ordinal Punks: 100 NFTs collection made by using the first 650 inscriptions. 

Bitcoin Ordinals

Taproot Wizards: Total supply of 2105 unique wizards.

Bitcoin Ordinals

What is DAI Stablecoin: The Bank For All Cryptocurrencies

  • Dai is a fully decentralized stablecoin
  • Any Crypto user can take a loan in Dai by collateralizing their crypto

What is the DAI stablecoin? 

Dai is a stablecoin, and stablecoins are digital assets whose value is always expected to remain constant. Hence, the value of dai also remains constant. The majority of stablecoins are backed by the US dollar, while Dai is a soft-pegged stablecoin. This is because it maintains a price equal to the US dollar. But since the US Dollar does not back it, it is backed by other cryptocurrencies such as Bitcoin and Ethereum. 

Dai stablecoin tries to deal with a major roadblock in the world of cryptocurrencies: high volatility. All the major cryptocurrencies like Bitcoin and Ethereum are tradeable; hence, due to trading, they experience high price volatility. A 20–30% change in price is common for these cryptocurrencies. Due to this, their mainstream adoption is hard; hence, stablecoins were launched. They provide all the benefits of cryptocurrencies with the stability of fiat currency. 

How does the DAI stablecoin work? 

The Dai stablecoin differs from peer stablecoins like USD Coin and Tether in that they are not totally decentralized; instead, they are governed and maintained by a centralized authority. DAI, on the other hand, is run and governed by Maker DAO, a decentralized organization. Maker DAO is a project built on the Ethereum blockchain in 2014.

Maker is managed by the people directly because it gives the maker’s governance token holders the ability to buy and participate in the decision-making process. Users can vote on major decisions in the organization. Dai cryptocurrency is based on the Ethereum token, which means it has all the advantages that Ethereum provides through its ERC token standard. 

DAI is used to lend cryptocurrency. Users can deposit any cryptocurrency to issue a Dai token. But dai is not issued exactly equal to the deposited cryptocurrency. 

Dai is used to take loans in cryptocurrency. Dai works like a decentralized bank for cryptocurrencies. For example, suppose a crypto user wants a loan. In that case, they can deposit the crypto assets as collateral, and Dai will be issued depending on the amount of the asset deposited as collateral. Currency Dai keeps 150% of assets as collateral. 

For example, if Dai equivalent to $100 is issued, then Ethereum worth $150 should be deposited. This is done to maintain the price volatility of cryptocurrencies. Every time crypto currencies are kept as collateral, new Dai tokens are minted, and if a user takes back the token to provide a Dai equivalent to its value, then the Dai token is burned to maintain the supply of the token.

Advantages of Dai Stablecoin 

Some of the most popular advantages of DAI stablecoin are: 

  1. Stable Value: Dai is a very stable cryptocurrency. It provides users a way to escape the crypto market’s volatility while investing in cryptocurrency. 
  1. Decentralized Finance: While there are several stablecoins on the market, only a few are decentralized. Because the majority of them are handled by centralized organizations, they are always subject to control by a few people who own these centralized institutions. But Dai is different. It is managed by the Maker Dao, which is a decentralized entity, and the community takes all the decisions with its governance token.
  1. Always On: This is an always-available service for users. It is always available to users. Centralized services, such as banks and other financial institutions, are frequently closed on Saturdays and Sundays. 

Understanding EVM: The Crucial Engine Behind Ethereum’s Success

  • The EVM is used to execute smart contracts on the Ethereum blockchain.
  • The fees it charges for executing these smart contracts are called gas fees.

In very simple terms, one can think of EVM as the heart of Ethereum. Although there are many things that take place in the workings of Ethereum, EVM is one of the most important of them. This machine is also used by many other blockchains that are based on Ethereum, for example, Avalanche, Polygon, and Phantom. This makes it very important to understand this blockchain. So let’s start by understanding the meaning of this machine.

What is an EVM (Ethereum Virtual Machine)

EVM is basically an accumulation of thousands of computers around the world. What all these computers are doing is running various smart contracts. These smart contracts are written on the Ethereum blockchain. Smart contracts basically work on conditions. These conditions are very basic, on which all the codes run, which are if and Then. So you can write a code in a smart contract that says that if this condition is met, then this action should be taken. For example, you must have heard that many organisations use smart contracts to send money to a lot of clients at once. So in this example, a simple smart contract might have been created with information that, If clicked on, would transfer money to all accounts.

This is how smart contracts work. Now these smart contracts are written in a language called Solidity. This language is an intermediary between humans and machines because humans can not instruct machines in binary language.

For smart contracts to function correctly, some instructions are provided called OP Codes or Operational Codes. To run these codes, users need to pay some fees, which are called gas fees. 

The Advantages of the EVM(Ethereum Virtual Machine)

Security: EVM guarantees security to all computers if any user runs a programme that contains viruses. This machine will automatically detect that code and eliminate it.

Complex Smart Contracts: EVM is specially designed to run complex smart contracts. One can write smart contracts and run them on multiple platforms because, as we discussed earlier, not only Ethereum, but a lot of blockchains that are built on the Ethereum platform also use EVM to run. This provides better interoperability and cross-linkage.

Easy to write smart contracts: Ethereum is a blockchain that not only provides a base for several other blockchains but decentralised autonomous organisations are also built on this blockchain. Many organisations choose Ethereum for their projects because it is very easy to write contracts on Ethereum, and this is because Ethereum uses EVM.

Although EVM has a lot of utilities to provide to the blockchain ecosystem, there are also some disadvantages that this system faces, which are as follows:

Disadvantages of EVM

EVM is used to store data on the blockchain. But storing this data on this computer is not easy. The data can take up to 3 TB to store. Maintaining this data is a very energy-consuming task and it is very expensive to function.

The cost of doing transactions on Ethereum is not easy because it depends on the complexities of the transactions. Those transactions that are highly complex require high computations, and hence high gas fees are charged.


The Ethereum Virtual Machine (EVM) is a critical component of the Ethereum blockchain, responsible for executing smart contracts through thousands of computers worldwide. It ensures security, enables complex smart contracts, and facilitates ease of development. However, EVM faces challenges with data storage and high gas fees for complex transactions, which must be addressed for broader scalability and adoption.

Aroon Indicator: How To Use It In The Trading Journey?

  • Aroon Indicator is a technical analysis tool that allows traders to identify changes in trends. 
  • Developed by Tushar Chande in 1995, the indicator helps the trader spot the early stages of a new trend. 

Aroon Indicator Technical analysis helps traders form strategies to earn profits. But, often, they earn losses with emerging trends in the stock market. However, there are numerous indicators in technical analysis. But there is an indicator that helps identify a new trend. 

It is the Aroon Indicator. The indicator helps traders navigate new trends or trading opportunities. It allows investors to anticipate changes in the trend regarding a particular stock. It does not only identify the trend, but it also determines how strong the trend is. 

Understanding The Concept of Aroon Indicator

The term “Aroon” comes from the Sanskrit word Aruna,” meaning ‘Dawn’s Early Light.’ The name signifies its ability to spot the start of a new trend in the stock market. The indicator was created by Tushar Chande in 1995 with the purpose of identifying emerging trends in the financial market. 

This technical analysis tool consists of two lines: ‘Aroon Up’ which measures the strength of the bullish trend, and ‘Arron Down,’ which measures the bearish trend strength. The indicator operates within a range of 0-100. Above 70, depicts the strong trend, and Below 30 depicts the weak trend. 

How To Use The Aroon Indicator For Trading? 

To use the Aroon Indicator, follow these steps: 

1. Choose the Period

Firstly, select the number of periods for the calculator. This can be any time period according to your preferences, trading style, timeframe, and instrument. This is already set at 14 or 25 days. 

2. Identify Highs and Lows

After choosing the period, one needs to determine the highest and lowest price points, as this information will be required to perform the next step. 

3. Calculate Aroon Up

You can calculate the Aroon Up with the given formula. Arron Up = (N – Periods since N period High / N) * 100. If the Aroon Up value is above 70, then it signifies a strong bullish trend. At this moment, traders may look for buying opportunities. 

4. Calculate Aroon Down 

You can calculate the Aroon Down with the given formula. Aroon Down = (N – Periods since N period Low / N) * 100. If the Aroon Down value is above 70, then it indicates a strong bearish trend. At this moment, traders may look for selling opportunities. 

Interpreting Aroon Indicator 

The Aroon indicator can be interpreted in various ways according to market trends and volatility. 

1. Identifying the Trend Direction 

As earlier stated, the indicator consists of two lines: Arron Up and Aroon Down lines. When Aroon Up is above Aroon Down, it indicates a bullish trend. Reversely, when Aroon Down is above Aroon Up, it indicates a bearish trend. 

2. Determining the Trend Strength 

You can also determine the strength of the trend with this technical analysis indicator. When Arron Up or Arron Down is above 70, it indicates a strong trend in the corresponding direction, while below 30 indicates a weak trend. 

3. Identifying Trend Changes 

The intersection between the Aroon Up and Aroon Down lines signals trend changes. When Aroon Up crosses above Aroon Down, a bullish trend shift is indicated. Conversely, when Arron Down crosses above Aroon Up, a bearish trend shift is indicated. 


In a nutshell, the Aroon Indicator is a powerful technical analysis tool that can help traders identify changes in emerging trends or new trends in the stock market. While it helps traders spot the early trend, indicating the trend’s strength, it also comes with several limitations, such as false signals, lagging indicators, and many more. 

That’s why it is crucial to use the Aroon indicator in conjunction with other technical analysis tools to enhance the accuracy of your predictions. This multi-tool approach can help mitigate the risks associated with the Aroon indicator. 

Waves – Blockchain Protocol Enabling The Creation of New Tokens

  • Waves is a Leasing Proof-of-Stake (LPoS) blockchain network that allows individuals to create their own coins 
  • The network also has a decentralized exchange and wallet and aims to tackle issues like slow transaction speeds high fees, and more

There are many blockchain solution providers in the market aiming to solve the blockchain trilemma. But very few have gained the attention of mainstream people. One example is Waves, a blockchain network aiming to solve the issues of speed and scalability.

While it acts as a solution provider to the main problems related to blockchain systems, it also helps users or developers create their own coins easily. It has identified the issues that users are facing with these modern-day blockchain systems and acted as a problem solver for them. 

Other than this, the platform has its own decentralized exchange called Waves DEX and has wallet services called Waves Wallet as well. Now, that we know it is a solution provider, let’s move on to the problems for which it is acting as a solution provider. But, we should first know more about it related to its token, history, and many other things. 

Waves – An Open Blockchain Protocol 

Waves is an open blockchain protocol that aims to provide decentralized solutions for its users. The protocol can help you create or customize your tokens within a few clicks. You can also issue these tokens on its decentralized exchange. It has smart contracts to help the developers launch Dapps. 

The platform was launched in 2016 by Sasha Ivanov, a physicist from Ukraine. It is one of the projects in the crypto world that has opted for Initial Coin Offerings (ICOs). The platform has its own native token called Waves. The platform is interoperable with the Ethereum network. 

Leasing Proof-of-Stake Consensus Mechanism

The protocol uses the Leasing Proof-of-Stake (LPoS) consensus mechanism, which is different from the Proof-of-Stake Mechanism. In this way, users can take part in the block generation with the help of leasing their Waves tokens. Your chance of generating the next block depends on your economic stake in the network. 

You must have at least 1000 Waves to participate in the block generation process. The amount is set to prevent any manipulations or other malicious activity on the network. 

Waves, – Native Token of the Waves Protocol  

Waves is the native token of the protocol. The token is used to power the whole protocol and has multiple multi-utility. According to Coin Market Cap, the coin is currently ranked in the 135th position and has a total supply capped at 1.11 Million Waves. Block generators receive transaction fees and block rewards in the form of Waves.

What Makes Waves Unique? 

Firstly, what makes it unique is its objective to solve the modern-day problems of blockchain systems. It aims to help blockchain users and developers make decentralized apps, create coins, and avail themselves of many other features provided by the network.

Secondly, It is helping the companies digitize their shares or customize their tokens with the help of the network. Lastly, it’s what’s called a consensus mechanism, which helps to secure the network with its unique leasing token technicality.   


In simple terms, Waves is a type of technology that tries to fix issues for people who use blockchain. It also allows users to make their own tokens using its network. It’s fascinating to know where it will go in the future.

Blockchain-Based Digital Wallets Available In North Dakota

  • Users can access and store the academic credentials on any web-browsing device.
  • The state of North Dakota is providing high school and college students with a blockchain-based digital wallet.  
  • This wallet will give students control of their credential certificates rather than the educational institutions, and it will also minimize the amount of paperwork required.

Implementation of Blockchain in Education 

The North Dakota Education Portal was a platform that students and parents were already utilizing to monitor progress reports, report cards, and attendance records. Beginning with the academic year 2022-2023, high school students throughout the state were extended an invitation to build their own digital wallets via the North Dakota Education Portal. 

According to Jeremy Fettig, a spokesman for North Dakota Information Technology (NDIT), the digital verifiable transcripts, diplomas, and other credentials, such as technical certifications, that users can view and save on any web-browsing device, contain links to the requirements and abilities covered in each course they completed. Users can access and store these credentials on any web-browsing device.

If students choose to utilize this digital wallet, they will be able to use a permissioned blockchain to deliver verifiable credentials to anybody who asks for them, such as a college or potential employer. 

Working on the Blockchain 

The Seattle-based company Evernym initially created the blockchain that the NDIT department uses, which ran as the Sovrin network. Evernym’s blockchain will be shut down by software giant Avast after it purchases it in December 2021, forcing NDIT to find a replacement by the autumn, according to Korsmo, who spoke to Blockworks.

The individual is not on the blockchain, which is how a self-sovereign blockchain operates. Their data isn’t on the blockchain either, he claimed. The only entity that will be on the blockchain is the organization or school that has the authority to issue the credentials on behalf of the student. 

The student is then given a paired decentralized identifier. On-chain, it will demonstrate, for instance, that the institution granted that particular DID a diploma.

The employer during the job interview could have an application that creates a QR code if the candidate was a previous K-12 or college student. The learner would be able to communicate their selected credentials in a peer-to-peer exchange using that QR code, which would instantly confirm them.

As of right now, according to Korsmo, North Dakota, students may send an employer an invitation link that will lead them to the blockchain wallet, where they can check and download the shared credentials.

Blockchain will help North Dakota match talents

In order to start awarding cybersecurity degrees in the form of digital credentials, NDIT is also collaborating with community institutions. Similar certifications are also being sought after for EMTs, according to Korsmo.

The cybersecurity curriculum at Bismarck State College is divided into five stackable certifications. A user has an associate’s degree after they have earned three of them. If they complete all five, they will get a bachelor’s degree, according to Korsmo.

Each of those qualifications will be valuable, he said, making it such that even if a student leaves out but still has one or two certifications, they may still find work. 

This concept is known as skills matching, and during the summer, the information technology department aims to further it by integrating digital wallets with its platform so it can actively send out messages about possible credentials that current and previous students might pursue.

This kind of thinking is not exclusive to North Dakota. Additionally, it is a member of an eight-state consortium run by the National Governors Association that is working to create verifiable, secure digital resumes that place more focus on an individual’s talents so that they may be matched to a position that best matches them. 

These states include New Hampshire, Connecticut, Virginia, Indiana, Kentucky, Alabama, Arkansas, Oklahoma, Colorado, Wyoming, and Washington, in addition to North Dakota.

Universities, organizations, and businesses all across the globe have experimented with utilizing blockchain to validate credentials on a range of different networks, including Bitcoin-compatible implementations.

Transformation of Energy Trading Through Blockchain Technology 

  • Consumers in the energy trading market expect a big change due to blockchain technology.
  • Blockchain is changing the whole spectrum behind energy trading.

Blockchain Technology trading market, which most people are familiar with, is set to go through a rapid transformation. Due to the emergence of renewable energy sources in the last few years, the energy trading market is poised for a big change. But with the rise of the energy trading market, there needs to be a technology that can support its growth. It is said to be an innovation that can further promote the efficiency of the energy trading market. It has already been implemented across various industries where positive growth has been felt. Therefore, it is no wonder that blockchain technology is also making its way into the energy trading market. 

Blockchain Technology

 R of Blockchain Technology in the Energy Trading Market?

Bitcoin is the closest thing that most people associate with when it comes to technology. One of its biggest qualities is the decentralized network which allows secure transactions. Due to the immutability of blockchain technology, it becomes impossible for third parties to change transactional data. This is one of the main reasons of this has made quite a mark in energy trading markets. 

The energy trading markets are long known for the complexity of transactions where multiple parties are involved in them. Because of these factors, inefficiencies and delays were part of the transaction throughout energy trading markets. However, it is known for solving those problems quite effectively due to its decentralized distributed ledger network. 

Not only would the transactions be secure using the technology, but they would also be streamlined to reduce cost and time. As intermediaries are removed, there would be no need for a third party anymore in energy trading markets. 

Blockchain Technology

How is Blockchain Technology Changing the Energy Trading Market?

The energy trading market is traditionally based upon a centralized model where a few large-scale companies dictate everything. It means people at the top have more control, thus making it difficult for consumers to earn a living. Nevertheless, it is said to be revolutionizing that market, as decentralization might be its new theme. Using technology consumers would have more power vested in them. It would allow consumers to trade all the excess energy gathered from renewable sources to earn some profits. 

Furthermore, upon the onset of blockchain technology, the use of renewable resources has also increased significantly. Thus, investors have started contributing towards a sustainable future that many people thought was hard to accomplish. Despite many innovations across the amalgamation of blockchain technology and the energy trading market, its future remains incomplete. 


From the early looks of it, blockchain technology can take the energy trading market to a height that hasn’t been reached before. People across the energy trading market might be in for a total revolution, as everything could change soon. Therefore, the future of blockchain technology and the energy trading market could be promising, at the very least. 

Securing the future by navigating strategies of Cryptocurrency 

  • In the whole crypto market, we have seen that it has captivated the hearts and minds of individuals worldwide. 
  • Navigating the dynamic landscape always requires a careful approach and a well-crafted strategy. 

Nowadays, you all must have noticed that numerous cryptocurrencies that are interested in trading are coming into the market. Before investing or trading in cryptocurrencies, you need to make sure that you find the right cryptocurrency trading strategy if you are the one who is looking for high profits and not losses. 

What are the different types of trading strategies?

cryptocurrency Analysis

We all know that Cryptocurrency trading strategies are important in navigating the volatile and dynamic market. Just to capitalize on the price movements, some traders employ various approaches by taking risks and maximizing profit. Now, you will come across various trading strategies which will help you in many ways,

  1. Scalping

This is one of the high-frequency trading strategies where different types and kinds of traders always aim to generate profit from very small price differentials. Also, multiple traders used to trade in multiple succession by capitalizing on very short-lived opportunities. Advanced technical analysis and a deep understanding of the market are always required in this strategy. 

  1. Arbitrage

This is the second strategy which eventually involves exploiting price discrepancies that too between Cryptocurrency exchanges or other markets. You need to always make sure that traders simultaneously buy an asset at a very low price in one market and later sell it at a very high price which is sometimes unexpected. Access to multiple exchanges, quick execution, along efficient fund transfers os required in this strategy. 

  1. HODL (Hold on for Dear Life)

Yes, this is the third strategy if you plan for a long-term investment. Here you will find that the traders buy cryptocurrencies and later hold them for extended periods. Belief in long-term potential is the only base for this strategy and the value appreciation for chosen cryptocurrencies. 

  1. Technical Analysis Strategy

Studying historical price data is involved in the technical analysis along with some patterns and indicators while making trade decisions. Traders and investors can easily analyze price charts by identifying the support and resistance levels. When trading, we all know a risk is involved, but you should know how to deal with that risk. 

cryptocurrency Analysis

If you are eagerly waiting to start investing and become an investor or a trader, let me tell you that there are many more strategies that can also be identified from the whole crypto market. 

When consistently investing or trading, you will also understand that developing a robust risk management strategy is crucial. The reason behind this is developing very comprehensive risk management can sometimes be helpful for safeguarding your investments by navigating the volatile nature of this digital currency ecosystem. 

Risk management is also one of the most dynamic processes requiring ongoing monitoring and adjustments just to adapt to the changing market trends. Media can also be the biggest presence in the world of cryptocurrencies as it can exchange and also impact the markets.