IOHK made an announcement on Friday via their social media accounts that Smart Contracts will launch on the Cardano Mainnet on Sunday 12th September 2021. This will be implemented through a hard fork combinator event, dubbed the “Alonzo hard fork“. This long-awaited update will take Cardano into the Goguen Era, which represents a big leap…
The London hard fork, Ethereum’s latest network upgrade, went live on Thursday 5th August at block height 12,965,000. This implemented a number of Ethereum Improvement Proposals (EIP) with the main focus on EIP-1559. A common misconception is that EIP-1559 will resolve the issue of high fees in times of network congestion. The issue of high…
Traditional contracts In order to understand what smart contracts are and how they can be used, we should first define what a traditional contract is. A contract can be broadly defined as a promise or performance given in exchange for a promise or performance. Traditionally this involves an offeror making a specific offer to an…
What is Ethereum 2.0? Ethereum 2.0 refers to a set of upgrades to the Ethereum blockchain that will make it more scalable, more secure and more sustainable. Currently the network is secured using a Proof-of-Work (PoW) consensus mechanism in which miners compete to solve complex mathematical equations using computational power to secure new blocks on…
‘The B word’ event took place yesterday and was aimed at encouraging institutional investors to adopt Bitcoin. The main focus of peoples attention was the hour-long discussion between Elon Musk, Jack Dorsey and Cathie Wood surrounding Bitcoin. There were many topics covered, so we’re going to briefly outline the highlights for anyone who missed it….
‘Not your keys, not your coins’ is an expression often used in the crypto space and for good reason. A private key is a part of a wallet that is used to spend the funds held within it. Therefore, if you don’t hold the private key to the wallet that stores your funds, you are…
