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Blockchain technology was initially developed as an alternative for the traditional financial industry. Considering the many limitations of such gateways as VISA, MasterCard, and traditional banks, Bitcoin – the original cryptocurrency – leveraged blockchain as a means of accelerating transactions and eliminating intermediaries from the chain of operations. By making payments faster, more transparent, and more affordable, blockchain was conceived as an ideal alternative to international gateways and the financial infrastructure as a whole to facilitate cross-border monetary transactions. As time passed and the blockchain and cryptocurrency

The blockchain requires upkeep in terms of both the technology base used for processing transactions and for maintaining the economic incentive of users responsible for running the networks. This means that an economy has to be in place for ensuring the uninterrupted flow of funds. Considering the speculative nature of most cryptocurrencies, they cannot be construed as a reliable means of generating stable income for the participants of network maintenance processes. As such, the only constant that can be leveraged for providing stable returns is the only element of the decentralized environment that is mandatory and fundamental for its opera

Yield farming has risen to prominence in recent years with the advent of decentralized finance services. The activity is designed to help users of such platform earn on their available digital assets, while providing the market at large with a source of liquidity. Yield Farming Explained The process of yield farming, or liquidity farming, as it is often called, is the act of users party to a decentralized finance service providing, or lending their cryptocurrencies into a specialized repository called a liquidity pool. The users provide their assets in trading pairs with others and receive passive income in return in the form of interes

The TON project was originally launched in 2018 under the Gram name and managed to raise in excess of $1.7 billion in investments. However, the SEC (Securities and Exchange Commission) later interfered and labeled the Gram tokens as securities, forcing the project to reformat and take on a new form. By May of 2020, Gram lost to the SEC in court and had to abandon further pursuit of fundraising. The result was the development of the TON project with a large community following in the blockchain and crypto space. By that point, Telegram had left the TON project and developers picked up from then on, since the source code of the blockchain wa

The TON blockchain is one of the most powerful contenders for the title of a competitor to the Ethereum network. The main reason for such a statement is the fact that the TON blockchain has considerable potential from a technological standpoint and its performance metrics bear value. The TON blockchain has a number of distinct advantages that will be explored in the given material. Comparative Analysis If the TON blockchain were to be compared with the Ethereum network, it would become evident that some significant advantages place TON well above its competitor, namely: The TON blockchain has a block time of 5 seconds compared to Et

The TON blockchain is one of the most significant advancements in the blockchain industry over the past few years, demonstrating quite a number of features that allow it to stand out among its competitors. In this material, we will explore six features of the TON blockchain that make it quite unique, especially in regards to its programming. The Smart Contract Aspect The classic concept of the blockchain entails the user paying a commission fee for the transaction. This concept was introduced in the form of the gas fee in the Ethereum network and essentially mimics the mechanics of a classical bank, which charges a commission for it