This article was originally posted on 99percent.org. We are all aware that in some countries – like Somalia, Venezuela and Afghanistan – corruption is endemic and hugely damaging. As Robert Zoellick, former President of the World Bank put it, “Corruption is a cancer that steals from the poor, eats away at governance and moral fibre and…
A Non-Fungible Token (NFT) is a piece of data that is stored on a blockchain that certifies a digital asset to be unique. An NFT can represent pictures, videos, GIFs, audio and other types of digital files. Since they are stored on the blockchain they can be used to verify ownership and authenticity. All NFTs…
Clear Junction, who were the payment processor for Binance’s Faster Payments, announced on 12th July 2021 that they would no longer be facilitating payments related to Binance. One month later and there is still no direct method to withdraw GBP from Binance to your bank account as a UK customer. Fortunately there are ways to…
This article was originally posted here. There is an obvious and simple answer to the question: the UK has regular general elections; at each election, a party led by a proposed prime minister is elected; the new Prime Minister selects his cabinet; they govern the country on behalf of the electorate. But in reality, it…
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…
