2024

What is TRON (TRX)? Is this good to invest in TRON?

February 14, 2024
Posted by: Bitforum
Category: Blockchain, Research, Technology

TRON is an open-source public blockchain platform that supports smart contracts. TRON is compatible with Ethereum, which means that you can migrate smart contracts on Ethereum to TRON directly or with minor modifications. TRON relies on a unique consensus mechanism to realize the high TPS of the TRON network that is far beyond Ethereum, bringing developers a good experience of faster transactions.

Handshake (HNS) – An experimental peer-to-peer root naming system

February 3, 2024
Posted by: Bitforum
Category: Blockchain, Research, Technology

No Comments

Think of the handles or usernames you use on services such as social networks, and domain names identifying the URI for websites. Nearly all of these services were provided by trusted third parties which prevent the web from truly being decentralized.

What is Pudgy Penguins? Overview of the Pudgy Penguins Collection

February 1, 2024
Posted by: Bitforum
Category: Blockchain, Business, Crypto Market

No Comments

Pudgy Penguins is a collection of 8888 NFTs featuring hand-drawn images of chubby penguins deployed on the Ethereum platform. Launched on 22/07/2021, at a time when PFP NFT (Profile Picture NFT) projects inspired by animals such as the Bored Ape Yacht Club (BAYC) were gaining popularity, Pudgy Penguins immediately succeeded as the entire NFT collection

What is Layer 2 crypto? Is this technology important to the crypto world?

January 30, 2024
Posted by: Bitforum
Category: Blockchain, Research, Technology

No Comments

The blockchain trilemma, encompassing scalability, decentralization, and security, forces developers to make trade-offs to ensure effective functionality. Bitcoin and Ethereum, for instance, prioritize security and decentralization at the expense of scalability. While these networks maintain a secure and distributed ledger, the continuous growth in network users leads to lower transaction speeds.

Does inflation matter for cryptocurrencies?

January 24, 2024
Posted by: Bitforum
Category: Blockchain, Business, Research

No Comments

The process of mining, where new blocks are added every ten minutes, introduces 6.25 Bitcoin into the network. This issuance rate is scheduled to decrease by half every four years until the entirety of the 21 million Bitcoin is mined, in what is known as the “halving” process.