Author: Sahil Poudel

Blockchain Technology: A Beginner’s Guide in 5 Simple Steps.

Wanna learn blockchain in simply 5 steps? Here is a guide.

1. What is Blockchain?

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Blockchain is a digital ledger that records all and every transaction detail. This transaction detail is noted down on every participant of said blockchain which makes it nearly impossible to break through by outsiders. This system of information being scattered and saved on different networks is called a decentralized system. The transaction detail or any valid information on the blockchain system is stored in a block and several of these records are joined together by a chain, hence the name Blockchain. Every user on the network gets a copy of the entire blockchain making this digital ledger bulletproof.

2. How Does Blockchain Work?

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Blockchain works on several computers called nodes, which validate the information( Mainly transactions). When a transaction occurs, its detail is bundled up with others in a block and several nodes scan the block as well as validate its integrity. Once the transaction is validated the block is added to the blockchain, forming a permanent record. This process ensures data integrity and data security of the whole block.

3. Smart contract

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Smart Contracts are policies and rules that bind all the pieces of blockchain together. These are self-executing contracts with terms and conditions written into code. Once the terms and conditions are met this contract will automatically enforce itself, removing the need for Middle-Man during transactions. Smart Contracts provide transparency, security, and Immutability. This ensures that data cannot be altered without detection.

4. Layer-1 and Layer-2 Blockchains

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I) Layer-1 Blockchains:

Layer-1 Blockchains are foundational blockchains that can establish, manage, and record all transactions on their own. Examples include Bitcoin, Ethereum, and Binance Smart Chain. Layer-1 Blockchains do face scalability and speed issues due to the limited number of transactions per second.

II) Layer-2 Blockchains:

Layer-2 Blockchains are simply upgraded and better versions of Layer-1 Blockchains. Layer-2 Blockchains are built on top of the base layer( Layer-1). They process transactions off-chain reducing the load on layer 1 and increasing its work efficiency.

5. Uses of blockchain

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  • Cryptocurrency
  • Supply Chain Management
  • Healthcare
  • Voting System
  • Finance

Conclusion

By understanding these 5 points, you’ll have a basic and general grasp of blockchain technology, including the difference between Layer 1 and Layer 2 blockchain.

Will BTC Hit $200K Next Year ?

The name Dave The Wave is famous in the digital world for his near-perfect accuracy on market predictions. He has again predicted a dramatic change in one of the leading cryptocurrencies by the end of 2025. Given his track record of successfully calling out and predicting market trends in the past, several Blockchain enthusiasts have their notebooks out for a delightful reward.

Dave the wave makes a subtle prediction on the future of Bitcoin.

Through a combination of technical analysis and the use of his Logarithmic Growth Channels(LGC), he has forecasted a dramatic price increase for the leading cryptocurrency Bitcoin. He predicts an increase of 214% from its current value making the price value of BTC $200,000 which is an absurd amount. He further supports and shows a positive outlook for Bitcoin in the coming years.

Dave the Wave who has accurately predicted previous market moves shared another forecast on the potential future of Bitcoin. He predicted bitcoin hitting a remarkable value of $200000 on X (Formerly Twitter), He based his prediction on his own Logarithmic Growth Channels(LGC). LGC is used to determine short-term volatility as well as long-term market trends. He also mentions Bitcoin forming a cup-and-handle pattern on weekly charts. He also notes that BTC appears to follow a strange pattern of higher highs and higher lows which suggests a strong bullish momentum.

A Famous Name, Dave the wave forecasted Bitcoin hitting a wildly absurd milestone of $200,000 market value. He also expressed good outlooks for Bitcoin in the future.

ANZ Bank Explores Tokenized Assets with Project Guardian

ANZ Bank Joins Project Guardian

ANZ Bank, one of Australia’s ” Big Four ” banks has become the first Australian bank to join Project Guardian. This program is led by the Monetary Authority of Singapore. This project has its objective to use blockchain to represent real-world assets as digital tokens. This project is formed on collaboration between Chainlink Labs and ADDX. ANZ will test the ability of computer systems to exchange and make use of the information of those digital tokens on a private blockchain.

Exploring Tokenized Assets and Blockchain Interoperability

ANZ is borrowing Chainlink’s cross-chain ability to profit from the exchange of tokenized assets, such as commercial paper. This project runs on a platform already established by other successful organizations like Swift’s. Tokenization allows real-world traditional assets to be represented digitally making it several times easier to trade on blockchain networks. However, this does come with a great challenge which is Interoperability (This is the ability of computer software to exchange and make use of provided information) between different blockchain networks. ANZ directs this issue by providing a better-decentralized network.

Paving the Way for Digital Finance Innovation

ANZ is venturing into the digital market to help customers navigate the evolving landscape of the blockchain ecosystem. The bank’s participation in Project Guardian represents its positive outlook towards the new digital age. This action just causes a domino effect and later in the future, we might see even more banks being involved in such programs.

FTX Repayments: Could $16 Billion Spark the Next Crypto Bull Run?

The Potential for a Bull Run

The idea of FTX starting a bull run comes from risk-hungry investors. This belief might turn out to be a risk worth taking or it might also nosedive into the abyss. With Bitcoin steadily breaking all bounds and reaching new heights daily, FTX repayment might join in and align itself with a broader crypto market. This could also cause further growth in the crypto space.

Will the Market React Positively?

Not all creditors are thrilled about receiving cash instead of crypto. This is to be expected everything is bound to have 2 sides and in this case, most investors and creditors seem to be on board with a potential bull run while a certain amount has a skeptical view.

Japan’s FSA to Reclassify Crypto in Upcoming Rule Review

Japan’s Regulatory Shift on Cryptocurrency.

Japan is preparing for a different approach to digital assets as Japan’s Financial Services Agency (FSA) is reviewing its current cryptocurrency regulations. This review conducted by Japan could lower taxes on crypto and enable local funds to invest in the digital market. This possibility shows the growing role of blockchains, particularly cryptocurrencies as an investment tool. The review of the newer technological sector by Japan shows its effort to adapt to ever ever-evolving crypto landscape. A whole nation contributing to a program dedicated to a blockchain element suggests its vast significance.

Japan’s Financial Services Agency (FSA) reviewing current crypto regulations.

Reclassifying Crypto for Stronger Investor Protections

The FSA’s review will mainly focus on the ability of current regulations to provide necessary protection for investors, as cryptocurrencies are now more commonly used for investment rather than payment. If cryptocurrency is seen as an investment token, FSA might reclassify Crypto as a Financial Instrument under Japan’s Investment Law. This might sound terrible to some but this does provide better legal protection for investors and lower tax on crypto gains, which currently is up to 55%. If the review is to go as predicted the new rate could slide down to 20%, which would make it comparable to other investments like stocks.

A Push Toward Crypto-Friendly Reforms

The sudden news of the review on crypto regulation shows Japan acknowledging Cryptocurrency as well as Blockchain technology to be an important factor for the future development of a nation. Japan is encouraging capital investments in digital assets as well as taking steps to nurture its blockchain ecosystem. This reclassification of regulation shows Japan’s positive attitude towards Cryptocurrency. If the reformation is successful then it might turn Japan into a crypto-friendly market.

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Avalanche Launches $40M Grant to Support Layer-1 Developers

Retro9000: Avalanche Launches $40M Grant to Boost Layer-1 Development and Ecosystem Growth

Avalanche’s $40M Developer Grant Program

Avalanche has announced a $40 million grant program called Retro9000, which aims to motivate, inspire, and encourage all aspiring L1 developers. The start of this project by Avalanche is for the enhancement of their already established blockchain ecosystem, particularly for the Layer-1 chain.

Retro9000 Program and Ecosystem Growth

The Retro9000 grant program will reward developers who contribute to improving Avalanche’s blockchain ecosystem. The developers should also contribute by building on the Layer-1 chain. Retro9000 was introduced to make project launching easier and lower Blockchain deployment costs. Retro9000 itself is part of a broader Avalanche9000 upgrade, which enables more developers to participate. Additionally, Avalanche’s DeFi ecosystem continues to benefit from partnerships with platforms like Aave, Benqi Finance, and others.

Encouraging Open Development and Ecosystem Expansion

Retro9000 allows developers to build publicly encouraging community support. This allows any new project to gain community support which helps to test the project before launch. With programs such as Retro9000 and Avalanche9000, new opportunities are created for both the developers and the users to engage and earn rewards.

PEPU – An Ethereum Layer-2 raises $15 Million

Pepe Unchained is taking advantage of the growing trend of Layer-2 Blockchain, which works as a solution built on top of already scaled and successful major blockchains such as Ethereum. This is done to drastically enhance scalability and reduce costs. Several other memecoins die out and don’t get to see the light of day as soon as the hype dies out but Pepe Unchained has distinguished itself by introducing the first Layer-2 network focused solely on the meme, internet culture, and turning it into a profitable blockchain empire.

The Layer-2 known as “Pepe Chain” is detailed to be 100 times faster than Ethereum featuring a special block to instantly bridge back to the Ethereum network. With this massive technological Innovation, PEPE has managed to attract a following of over 25,000 potential Buyers, with over 8100 members in its telegram channel and over 19,000 Twitter followers.

The presale of PEPU offers PEPU tokens at $ 0.00985, and as the project continues and it’s value increases. Not only this but PEPE Unchained also offers double staking rewards, and provides additional payment or output for early investors. The team behind this project has also hinted at launchinghttps://x.com/pepe_unchained/status/1838641240583344541 a custom Decentralized Exchange(DEX) on the Pepe Chain.

Affect of US Presidential Election on Crypto

In a speech on September 25, Kamala Harris expressed the significance of The United States becoming an international sensation on Blockchain, Cryptocurrency, Artificial Intelligence, and various other emerging technologies. She strongly emphasized the necessity to protect consumers and invest in emerging innovations to stay ahead of China.

This Support on the Cryptocurrency from Kamala Harris comes with an adverse effect. Experts believe this might cause Fluctuation on the Bitcoin value. Though 

The experts have divided opinion on how her presidency might impact Bitcoin(BTC). Some predict Bitcoin to take a nosedive and fall to $30,000, while others have their own belief that her presidency and leadership helping to increase the velocity of Bitcoin(BTC) value.

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