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Originally published in the NOWNodes blog.

Binance smart chain became live on its mainnet on 17th September 2020. It took five months for the smart chain to go live since it was announced in April 2020. Since recently we added support to Binance Smart Chain, we will cover it in our next article.

What is Binance Smart Chain (BSC)?

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Source: Binance

Binance smart chain runs parallel to the Binance chain. Binance Chain is a fast and secure decentralized exchange for digital assets. It is based on a highly performant matching engine and is developed on distributed consensus. …


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Originally published in the NOWNodes blog.

According to market research estimates, blockchain technology will witness astounding growth in its market size in the next five years. Between 2020 and 2025, the global blockchain market size is expected to grow at a rate of 67.3% CAGR to reach US$39.7 billion in 2025 from US$3.0 billion in 2020.

One can reasonably presume that this growth will drive innovation and would also require scaling up of existing platforms. For both of these to happen, the most important role would be that of the developers. …


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After much speculation over the past few years, Ethereum 2.0 is finally on the cusp of getting launched. The final release is expected to happen on the first day of December 2020. On 4th November, the Ethereum foundation made the first version of Eth2 specifications public. As of now, the deposit contract is live. The platform can raise the necessary amount of funds required to trigger staking. Stakers interested to participate in the process can deposit their 32 ETH deposits to the contract.

Before looking into the features and functionalities of Ethereum 2.0 …


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Originally published in the NOWNodes blog.

Monero went through its latest fork on October 17th, 2020. Fork, or hard fork as it was in this case, implies a major network upgrade for the privacy coin. In Monero, these hard forks or network upgrades improve the base protocol and are non-contentious. It means that there will be no splitting and no new creation of a coin.

To be more specific, in this fork, Monero aimed to introduce some new features such as new ring signature construction CLSAG. How this feature would be helpful in the Monero community’s future is something that we will discuss in some time. …


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Originally published in the NOWNodes blog.

NEO is one of the popular blockchain networks that has come out of China. It is well-known for its community-driven approach. NEO is an open blockchain that is aimed at a smarter economy.

Are you wondering why I am talking about Neo in the beginning? It’s because Neo has come out with Flamingo Finance, a DeFi protocol. It was launched on September 20, 2020. We will tell you all about Flamingo Finance in this article. Let’s dive straight into it.

What is Flamingo Finance?

Neo blockchain-powered Flamingo is a full-featured DeFi protocol, and it’s also cross-compatible. …


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Originally published in the NOWNodes blog.

Filecoin, a sub-organization of Protocol Labs, was founded in 2014. The company is headquartered in Palo Alto, California, United States. Founded by Juan Benet, Filecoin serves both as a data-storage network as well as a bitcoin-based electronic currency. Since its launch, Filecoin has been backed by 24 investors. It has raised US$258.2 million to date.

Filecoin’s ICO was one of the most discussed events in the crypto world in 2017. The sales closed in September 2017. It took Filecoin a little over three years to go live. The tokens began their distribution on October 19, 2020. …


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Originally published in the NOWNodes blog.

Polkadot.network was established in 2016 by its founders Gavin Wood and Peter Czaban. It is an open-source project funded by the Web3 Foundation. Web3 Foundation funds research and development projects that intend to build the foundation of the decentralized web. Five teams and over a hundred developers have been commissioned to build Polkadot.

The objective behind developing Polkadot is to deliver the most robust platform for security, scalability, and invention. It is a sharded chain that offers scalability and also the first protocol to provide a secure environment for cross-chain composability.

Polkadot Explained

The initial version of Polkadot was launched on 26th May 2020. However, Polkadot’s launch is a sequence of multiple rollouts happening one after another. Each phase has some specific aims and objectives to meet. Here’s the brief outline of each of these phases below. …


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Originally published in the NOWNodes blog.

The concept synthetic asset refers to a collection of assets that have the same value as another asset. Traditionally, synthetic products combine various derivatives — options, futures, or swaps — that mimic the underlying asset — stocks, bonds, commodities, indices, currencies, or interest rates. Also we’ve discussed crypto derivatives in one of our previous articles.

For instance, instead of buying a stock, an investment firm might buy a call and sell a put on the same stock. …


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Originally published in the NOWNodes blog.

Blockchain has become one of the most well-known technologies in recent times. It all started with the introduction of Bitcoin to the world in 2008. Bitcoin’s price rise from $0.008 in 2008 to almost $20,000 attracted eyeballs around the world. It catapulted Bitcoin to the position of most talked about topic of the financial world. There’s no doubt that Bitcoin is one of the best examples where blockchain technology was successfully put into use. So, is blockchain limited to bitcoin and cryptocurrencies alone? Absolutely not! Blockchain has many attractive features that make it a revolutionary technology. …


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Originally published in the NOWNodes blog.

Blockchain gives freedom to developers as there are no fixed standards in the world of blockchain. But can we say the same for the IT departments? Ask any IT guys dealing with blockchain technology, and they will tell you what a big headache it can be for them because blockchain lacks interoperability. Due to a lack of interoperability, blockchains cannot communicate among themselves.

The IT departments value the interoperability feature because of a particular reason. With blockchain interoperability, it would be possible to share information and value throughout the blockchain networks. What’s the great news about it? …

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