British Investment Managers Receive Approval for Tokenized Funds
Asia and the U.S. lead with 39% and 38% of firms respectively involved in fund tokenization projects, compared to 27%
Blockchain-based technology represents a digital ledger of economic transactions that can also be programmed to record not just financial transactions but everything that has any value.
Simply put, it’s a time-stamped series of immutable records of information that’s managed by a cluster of computers that aren’t owned by any single entity.
The data sets are compiled in blocks (hence the “block”) and bound to each other using cryptography (hence the “chain”).
These networks are governed by consensus algorithms that dictate how the blocks are created and added to the blockchain. The two most popular ones up to date are Proof-of-Work and Proof-of-Stake.
Proof-of-Work (PoW) is perhaps the most popular consensus algorithm, and it governs Bitcoin’s network. With it, each participant must compete with the rest to solve a difficult mathematics problem, using the processing of computing power. The first one to solve the puzzle gets a reward for the work.
With Proof-of-Stake (PoS), there is no competition because an algorithm chooses the block creator based on the user’s stake (the cryptocurrency he owns and uses for stake). There is no reward for adding a block; instead, the block creator takes the transaction fees.
It’s also worth noting that there are public and private blockchains. With the former, anyone has access to the ledger. Typing an address will reveal the current balance, as well as the list of transactions that the address had sent and received. This is the reason why Bitcoin is not considered anonymous.
Asia and the U.S. lead with 39% and 38% of firms respectively involved in fund tokenization projects, compared to 27%
Immutable's zkEVM Testnet is transitioning to Geth-based client, a significant development in blockchain. Launching on Nov 24.
Quantoz Payments has obtained an EMI license from the Dutch Central Bank to issue EURD on the Algorand platform.
Innovative solutions like this will attract institutional capital to crypto markets, says Lennix Lai, Global CCO at OKX.
OpenSea Pro enables seamless navigation of Ethereum and Polygon blockchains, simplifying multi-chain experience for NFT enthusiasts.
Starknet Foundation allocates 50m STRK tokens to reward early contributors in its ECMP program. Registration open until Nov 19, list
According to Coinbase, financial asset tokenization has gained momentum since 2017, driven by high-yield environments. However, infrastructural and legal obstacles
Are users of Friend.Tech abandoning the platform and transitioning to the rival platform NBC, which is built on the Bitcoin
ZachXBT, a crypto investigator, revealed that his account has received a court subpoena requesting a comprehensive range of personal information.
Did TrueUSD fully disclose the security breach? ChainArgos suggests a complex situation with TEURO using TrueUSD's private keys.