Sustainable Tech – The Innovations We Use Daily

Technology has become an integral part of our daily lives, from smartphones and laptops to appliances and transportation. However, the environmental impact of our reliance on technology has become a growing concern. The good news is that many companies are now investing in sustainable tech solutions that can help reduce our carbon footprint. In this article, we’ll take a look at some of the sustainable tech innovations we use daily.

Renewable Energy

One of the most significant contributions to sustainable tech is renewable energy. Solar, wind, and hydropower are rapidly becoming more accessible and cost-effective. Solar panels can now be installed on residential and commercial buildings, and some cities are implementing wind turbines for energy production. Some companies are even developing portable solar panels for outdoor activities.

Smart Home Technology

Smart home technology is another sustainable tech innovation that has become increasingly popular. Smart home devices, such as smart thermostats and smart lighting, can help to reduce energy consumption in our homes. One example is the Nest Learning Thermostat, which uses machine learning to learn your temperature preferences and automatically adjusts the temperature to save energy. The thermostat can also be controlled remotely through a smartphone app, allowing you to make adjustments from anywhere. Smart lighting systems can also be programmed to turn off when not in use or dim during low-traffic hours. Smart home technology not only helps to reduce energy usage, but it can also save homeowners money on their utility bills.

Electric Cars

Transportation is one of the largest contributors to carbon emissions, but electric cars offer a sustainable alternative. Companies like Tesla, Nissan, Tata and Chevy produce electric cars that are becoming more accessible to the general public. Electric cars have zero emissions and are much more energy-efficient than traditional gas-powered vehicles. Additionally, electric car charging stations are becoming more widely available, making it easier for electric car owners to travel long distances.

Smart Appliances

Smart appliances are another innovation in sustainable tech that is becoming more common. Energy Star-certified appliances, like refrigerators, washers, and dryers, use less energy and water than their non-certified counterparts. Smart appliances can also be programmed to run during low-traffic hours or when energy is cheapest. Some appliances even have sensors that can detect when they are not in use and automatically turn them off.

Eco-friendly gadgets

Sustainable smartphones and the use of materials in producing gadgets are not uncommon. Another essential device in our daily lives is the laptop, and there are several eco-friendly options. One such option is the Dell XPS 13, which is made from recycled ocean plastics and other recycled materials. The laptop also uses low-energy components and has an energy-efficient design, helping to reduce its carbon footprint. In addition, Dell offers a recycling program for its products, ensuring they don’t end up in landfills.

Sustainable Packaging

The packaging used for products can also have a significant impact on the environment. Sustainable packaging materials, such as biodegradable plastics and compostable materials, are becoming more common. Some companies are even using recycled materials for their packaging. In addition to reducing waste, sustainable packaging can also reduce the amount of energy needed for production and transportation.

Eco-Friendly Accessories

Even the accessories we use with our tech devices can be designed with sustainability in mind. For example, phone cases made from recycled materials or bioplastics can help to reduce waste and minimise the environmental impact of our devices. Companies across the globe offer eco-friendly phone cases and other stylish and sustainable accessories.

Sustainable tech innovations are becoming more accessible and affordable, offering a way to reduce our environmental impact. Renewable energy, smart home technology, electric cars, smart appliances, and sustainable packaging are just a few examples of sustainable tech we use daily. As consumers, we can make a difference by choosing products and technologies that prioritise sustainability.

Tecno Pova 3 – A new Workhorse

Tecno has expanded its product portfolio in the Indian market to cater to a larger audience with smartphones at different price ranges. The Pova series still happens to be sitting at the sweet spot of the budget segment smartphone, a hot category among young buyers. So, does this latest iteration live up to its hype, and should you consider it? 

How does it look and feel?

Tecno Pova 3 is a little hefty considering the battery it packs within. The phone feels sturdy with substantial character around it. It is also fairly big, with a 6.9-inch display. We had the tech silver model which definitely looks premium and feels above its category. The phone is IPX2 splash resistant, which protects it from drizzle and light splashes of water. It’s a handy feature to have on a phone that costs this much. Keeping up with its gaming-centric approach, there are subtle yet practical touches that have been given to the smartphone. For instance, the sides of the Pova 3 have inverted edges for placing your index fingers while you are gaming. 

A design feature missing in the Tech Silver variant is an LED strip that chimes in three different colours for notifications and battery capacity. Other design elements are generic, we get a volume rocker on the left, which is tactile, and right next to them is a SIM tray. It is a hybrid slot that supports 2 Nano SIM cards and a micro SD card. To the right, you will find the power lock and unlock button with an integrated fingerprint sensor. The fingerprint sensor is quick in its response. The bottom comprises the USB type-C charging port, speaker grill and an old-school headphone jack. 

How’s the screen?

Tecno Pova 3 features a 6.9-inch FHD+ display with a 1080 x 2460 pixel resolution which is pretty nice considering the category of the phone. Most colours on the Pova 3 look natural, and the screen is able to project decent clarity. 

The display has a peak brightness of 500 nits, which is sufficient for indoor usage but moves outside on a good sunny day and one might find it difficult to glance at the screen. 

But all’s not bad, especially if you are a gamer. Tecno Pova 3’s screen has a max refresh rate of 90Hz. These figures might not be as phenomenal as the 120Hz that we see on other phones, but combined with the 180Hz touch sampling rate, the performance is pretty satisfactory.

A good highlight of the Tecno Pova 3 is the haptic feedback on the device which you receive while playing games. It is apt and adds a lot of character to your gaming experience. It won’t numb your hands, but the subtle vibration adds a more of personalized touch.

How does it sound?

While the display makes up for gamers, a casual user will be engrossed in consuming content. Packing in dual speakers, the Tecno Pova 3’s hidden USP is its audio prowess. The audio output is loud, sharp and clear. Be it the effects while playing games or binge-watching on social media apps or simply streaming a YouTube video, it sounds well.

 

What’s inside?

Tecno Pova 3 runs on Android 12 out of the box which is paired together with HiOS 8.6. It is powered by a Mediatek Helio G88 processor, an almost a year-old SoC, the G88 is a 4G chipset. The variant we tested, packs in 6GB of RAM which can be bumped up to 11GB using RAM fusion if you are gaming intensively. That being said, the default 6GB of memory is sufficient for most of the tasks and holds up applications pretty well. The internal storage on the device is 128GB out of which 20GB is used by the OS. This is ample for most of the users. But you can expand it to 1TB with a micro SD card if you need more storage.

The massive 7000 mAh battery is very well optimized and for light usage, should easily last well over 2 days.For gamers, playing graphic-intensive games continuously won’t affect much and the battery will last for at least a day. The 33W power adapter in the box charges the Pova 3 to 50% in about 45 minutes. But a full 0-100% charge needs at least 2.5 hours, which is considerable given the battery size.Tecno also provides a reverse charging feature on the Pova 3, which means it can charge up other devices with a 10W voltage. The best practical usage is charging your TWS or Bluetooth headphones if they run out of juice during a commute. 

How’s the camera? 

Tecno Pova 3 features a triple rear camera set-up with the primary one being a 50MP shooter with F1.6 aperture. The second one is a 2MP depth sensor and finally an AI lens for all the gimmicks it packs within. The colour grades can go off sometimes, especially if you have the AI beauty filter on. Dark colours like Red, or Navy blue look undersaturated and with the AI filter and seem to shift further away from the natural tones a bit. There is a super night mode on the camera, which aids when you are clicking pictures at night. There is no ultra-wide lens on the phone, so you cannot open up the frame and are just limited to zooming in.

The 10X zoom can be considered a feature, but it is better to be left off. The video performance is decent. The camera shoots a maximum resolution of 2K. The video stabilization is not impressive and the output can be shaky sometimes. So if you are a creator looking for a device to Vlog or just shoot in general then this camera can be considered but for a light usage. Audio recorded by the in-built mic though is pretty decent. The real charm is actually the 8MP front camera. Unlike the primary camera which can deceive you sometimes, the front camera is pretty consistent for that matter. The images look sharp and are worthy of your social media selfies. The front camera also features dual flashlights which are a talking point. 

How much on my Pocket? 

The Tecno Pova 3 is available in 2 variants. The base variant with 4GB RAM and 64GB internal storage is priced at ₹11,499 and the other variant packs in 6GB of RAM and 128GB of internal storage and retails at a price of ₹12,999.

OnePlus 10T reportedly sports improved gaming performance

Likely launching next month in India, the OnePlus 10T has been spotted on Benchmark sites reportedly performing with the latest Snapdragon 8+ Gen 1 at the helm. Frame rates, along with operating temperature have been reported on Twitter by leaker Yogesh Brar, claiming that in the popular and graphically demanding game Genshin Impact, the newly identified OnePlus smartphone boasted 57FPS on average, at 43-46˚C on Extreme graphics settings. This is in comparison to the existing OnePlus 10 Pro which currently performs at 55FPS running at 45-49˚C. A common complaint with the 10 Pro is that the phone runs too hot. Although this is not entirely fixed, OnePlus has partially internalised this problem with the new chip.

Another leaker Mukul Sharma revealed that the OnePlus 10T is currently undergoing Research and Development testing in India, revealing variants with 8GB/128GB and12GB/256GB, attesting that 150W charging is quite likely. Two supposed finishes are a Green and Grey shade, while he further confirms that the smartphone will be offered as an upper mid-range device.

In other news, the smartphone is expected to come with a 6.7-inch FHD+ AMOLED panel with second-generation LTPO technology allowing the display to refresh between 1hz and 120hz. The phone might come with a 360hz touch sampling rate to improve responsiveness and gaming. On the back of the phone, the phone is rumoured to come with a triple camera setup yet again, with the now popular 50MP IMX766 sensor on the primary shooter, an 8MP sensor for the ultra-wide-angle lens, and a 2MP macro camera. The phone would feature anything between 4500-5000mAh battery as there is no real clarification on the same.

7 Course meal with Volvo XC90 | Exhibit X Masterchef Shipra Khanna

We took the 7 seater Volvo XC90 on a 7-course meal with the Masterchef Shipra Khanna. What happened is a tasty conversation where Ramesh Somani explained seven features of the Volvo XC90 and learn about the Seven course Gourment meal from the Masterchef.

Do you know the surprising facts about crypto?

We cannot delve into the world in one article, but here you will find some of the most amazing facts about cryptocurrencies that you may never have heard of. Even after ten years, most cryptocurrency enthusiasts are not familiar with interesting facts about Bitcoin. Here are some interesting facts about Bitcoin that every Bitcoin holder should know, let us see.

1) However, it may surprise you that the current inventor of bitcoin is accordingly anonymous. We all know that the creation of Bitcoin is attributed to Satoshi Nakamoto, although we have no idea if a single person or a whole group of people is behind the alias. This is the most popular and surprising fact about the world of cryptocurrencies, the person or organization that created Bitcoin is unknown. Many people came forward and stated that they were the ones who started it, but none of them were reliable sources.

2) We think it should start with “Once Upon a Time” … In short, on May 22, 2010, a Bitcoin developer paid 10,000 BTC for two pizzas he ordered from Papa Jones. It’s hard to believe how far Bitcoin and the market, in general, have come. At the time, 10,000 bitcoin was worth about $40, so one bitcoin was “worth” slightly less than half a cent. If you had that much money in bitcoin today, it would be worth more than $350 million.

3) Cryptocurrencies offer a range of attractive investment opportunities as well as opportunities for the future. As the authors of NerdWallet pointed out, cryptocurrencies like Bitcoin may not be as secure, and some prominent voices in the investment community have advised budding investors to avoid them.

4) There were over 7,300 cryptocurrencies in circulation as of November 2021. While you won’t be able to buy them all on an exchange, they are available, with some requiring their own wallets.
There are so many coins available because it is relatively simple to create and distribute a coin. However, as of November 2021, the top 20 coins control approximately 86 percent of the cryptocurrency market.

5) One man wishes to excavate a landfill in order to reclaim his digital wallet.
In 2013, James Howells, a Welshman, threw away a hard drive containing 7,500 bitcoins. When he realized how much Bitcoin’s value had risen in recent years, he went in search of the drive. He is now attempting to persuade his local city council to allow him to excavate the landfill in order to locate the drive. He claims to be offering a portion of the proceeds in exchange for the city allowing him to search through the trash.

well, this is all for today, but if you wish to know more. keep reading with us. read more about crypto: Crypto Dictionary: Terms you must know!

All you need to know About Binance And Its Founder

The Binance Exchange began operations in July 2017 and was founded by Changpeng Zhao (also known as CZ). Binance.us was set up in 2019 to comply with US regulations, as Binance itself has been banned in this country for over a year. A local subsidiary of Binance started trading in fiat and cryptocurrencies shortly after the start of the Fiat ramp-up.

Binance began issuing its first $200 million Binance coins in July 2017, after raising $15 million. Binance is known as crypto-to-crypto trading, which involves trading between two pairs of cryptocurrencies that do not have a national currency (such as the dollar or yen). Binance gained immense popularity due to its low transaction fees and the additional discounts users pay for BNB’s domestic cryptocurrency brands. Binance claims a high level of security, multi-level, multi-group architecture, and high processing throughput with the capacity to process up to 1.4 million jobs per second. Unlike other cryptocurrency exchanges, Binance offers services for trading, listing, fundraising, deregistration, and withdrawal of cryptocurrencies. Cryptocurrency enthusiasts who are willing to launch their tokens can use Binance to raise money through initial coin offerings (ICOs).

Global cryptocurrency exchange Binance and founder and chief executive Changpeng Zhao said their US arm will have an IPO in the next three years, it was announced on Wednesday. Binance will be the world’s largest cryptocurrency exchange with an IPO, Zhao said. The exchange is used by a large number of traders and participants to exchange and invest in various cryptocurrencies.

Changpeng Zhao, CEO of Binance spoke on October 4, 2018, in St. Julians, Malta in the Delta Summit, Malta’s official blockchain and digital innovation event for promoting the cryptocurrency. The heavyweight task of overseeing Binance is growing in the US, which makes perfect sense. What makes Singapore-based Binance founder and CEO Changpenghao a multi-billionaire is that he is not only one of the richest and most powerful figures in the crypto industry, but also in global finance.
In May 2021, the US government is investigating Binance for tax fraud and money laundering, according to a Bloomberg report. The founder of Binance used to work at McDonald’s, sell his home, and gamble on Bitcoin. That’s the story Binance tells about the hundreds of people who built his platform and the millions of people who trade in it.

CZ is the founder and CEO of Binance, a company with over 400 employees and hundreds of millions in profits. The core story of the founder of Binance is that of Changpeng Zhao (CZ) who launched Binance in July 2017 and led its rise to become the world’s leading cryptocurrency exchange in 180 days. CZ came to Canada from humble beginnings as a Chinese-born immigrant, taking various odd jobs to keep up with his family.

In an interview released on August 29, Binance co-founder He Yi said the company had learned from the Libra Association’s mistakes and had been working with regulators since the first day. In response, the Czech Republic has made efforts to transform Binance into a decentralized company with a nimble global workforce. Cz and Anthony Pompliano talk about their understanding that many others don’t understand, why they founded Binance as a company with 400 employees and hundreds of millions of dollars of profits, and how they are expanding their plans.

Binance’s CEO Changpeng Zhao appeared on RBC on Russian television and said that the ruble would be supported by a third party to facilitate trade in cryptocurrencies. Binance, the crypto exchange, is planning an IPO of its US offshoot in the next three years, said founder ChangPeng Zhao in a recent interview with Information Online. Binance’s U.S. subsidiary plans to go public in the “next three years,” CEO Changzhou Zhao said online. Mentioned by name, CEO Changpeng Zhao is reportedly on the verge of completing a large private fundraising round over the next two months that will reduce his control of the board.

The Thai financial agency filed a criminal complaint against Binance in July, accusing it of running an unlicensed digital asset exchange. In July, Binance said after being told to stop in July that it would no longer offer tokens to the CEO of CM Equity but said it was a business decision and would not be forced to stop. South Korean regulators did not follow Binance directly but warned cryptocurrency exchanges to register.

Binance has become the largest crypto exchange in the world and is the perfect stateless model for avoiding regulated activities. It does not yet have a home, which brings it more in line with cryptocurrency traders’ “distrust of the structures built by nation-states. Binance has moved to the US, where users of Binance.us, which is operated by a separate company, BAM Trading Services, have a smaller selection of tokens.

Last month, Brian Brooks, the head of the US offshoot of the global cryptocurrency exchange, stepped down after three months. Binance, the world’s largest cryptocurrency exchange, is facing several regulatory challenges that appear to be increasing. The stock market made $2.7 billion in trading in the 24 hours to Tuesday, a day off for the market, larger than rivals such as Coinbase.

Binance.us is the American partner of Binance, the world’s largest crypto exchange by market trading volume, founded in 2017 in China. Binance caught the attention of investors with lower fees than many other cryptocurrency exchanges, but we recommend paying a little more for more transparency. However, Binance stopped accepting US users in 2019 and announced it was working with a US-based version of its platform called Binance.com.
Also read: What is DeFi? Everything you need to know!

What is the Potential That Blockchain Holds For Future?

Blockchain technology has turned the financial industry upside down, but its disruptive applications in finance are just the tip of the iceberg. Blockchain technology has the potential to drive major change and create new opportunities in industries such as banking, cybersecurity, intellectual property, and healthcare. Cybersecurity is one of the most promising growth areas for blockchain technology.

But Blockchain is its true reach – its ability to change the way people do things every day – like choosing, traveling, and even going to the doctor.

The blockchain landscape is growing, and new governance models are needed every hour. Current applications include a variety of sectors including finance, healthcare, contracts, and law, and new future applications are proposed for blockchain daily. The infographic of today comes from Hive Blockchain Technologies and gives us an insight into the potential of blockchain in the financial world.

New governance models will enable larger and more diverse consortiums to approach payment decision-making and approval programs and will help standardize information from different sources and to capture new and more robust data sets. Look forward to governance models that enable massive and diverse consortia with greater efficiency in decision-making and payment empowerment.

Developing regulations and standards to cover the blockchain will be no small challenge, and leading audit firms and bodies will have to contribute their expertise to this task. Accountants with a mix of business and financial expertise can position themselves as key consultants to companies that are approaching this new technology and looking for opportunities.

Many of today’s accounting departments are already optimizing blockchain and other modern technologies like data analysis and machine learning, which will increase the efficiency and value of accounting functions. Reducing the need for reconciliation and dispute resolution, combined with greater legal and regulatory certainty, will allow a greater focus on accounting when auditing transactions, allowing for the expansion of accounting areas. Parts of accounting that relate to transactional assurances made through the transfer of property rights are being transformed by an intelligent blockchain approach to contracts.

For example, using Blockchain to create a single source of truth for transactions between parties has the potential to reduce processing time and cost for insurance companies.

Blockchain also has potential applications beyond the cryptocurrency Bitcoin. Blockchain can be used to facilitate identity management and to help obtain voter information for the proper functioning of the electoral process.

It is hard to imagine an area of life that is not suitable for blockchain upgrades. It would be a mistake to plunge into blockchain innovation without understanding how it is likely to prevail. If true, this could lead to the transformation of the economy and government that we have believed in for many years.

In the short to medium term, one possible path to the future of blockchain would be to deal with the relative immaturity of the technology in such a way that it gains importance through standardization and gains more acceptance in mainstream society. Blockchain technology is being developed to support the cryptocurrency market, but it would not be a big leap if it were applied to more established financial services.

Blockchain technology could allow banks to reduce excessive bureaucracy, speed up transactions at less cost and improve security and confidentiality. Two aspects of blockchain are, however, making it more difficult to take full advantage of technology, creating a new generation of small, innovative, and risky businesses that could disrupt existing industries and transform them if technological constraints are lifted.

Skeptics of the potential of blockchain technology, often associated with cryptocurrencies, to disrupt the way money and other assets are carried around the world say that the technology is not sustainable or efficient enough for mass adoption.

More and more people are already using Algorand for a wide range of applications – from the creation of carbon credit markets to speed up real estate transactions to creating new legal tender in the case of the Marshall Islands. Mainstream companies across all industries are interested, and in some cases will invest in cryptocurrencies and blockchain by 2021.

AMC, for example, announced that it would accept bitcoin payments by the end of the year. Fintech companies such as PayPal and Square are also relying on crypto to allow users to buy on their platforms. According to Accenture, 61% of aerospace and defense companies are working on blockchain and distributed ledger solutions.

In an interview with McKinsey’s Rik Kirkland, Don Tapsc Scott, CEO of Tapscott Group explained that blockchain is a distributed open-source database that uses state-of-the-art cryptography to facilitate collaboration and tracking all types of transactions and interactions. Blockchain technology has the potential to streamline all parts of inventory authentication, certificate tracking, and much more.

Blockchains, peer-to-peer networks that sit on the Internet, were introduced in October 2008 as part of a proposal for Bitcoin, a virtual currency system that evades a central authority for issuing currencies, transferring property, or confirming transactions. Fidelity Investment Standard and Charter are testing blockchain technology as a substitute for paper-based, manual transaction processing in areas such as trading and finance, foreign exchange, cross-border settlement, and securities settlement. The purpose of blockchains is to enable participants in a peer-to-peer network of value-sharing and interaction to create digital assets for each other without having to rely on intermediaries.

The Bank of Canada is testing a digital currency called CAD Coin for interbank payments. Nordea enables small and medium-sized companies active in international trading and has developed a trading platform called We trade with other major European banks, based on an IBM blockchain platform running on the IBM cloud.

IBM Blockchain Technology is involved in more than 400 blockchain projects in government, healthcare, transport, insurance, chemicals, oil, and more. The comments follow a recommendation by Jerry Cuomo, Vice President of IBM Blockchain Technology, and co-moderator Frank Yiannas, who has been appointed Deputy Commissioner for Food Policy and Response at the Food and Drug Administration. American Banker recently published five questions to examine where the blockchain industry is heading.

The International Data Corporation (IDC) expects 35% of IoT deployments to be enabled by blockchain services by 2025. Combined with predictions that blockchain and IoT will strengthen in the future, blockchain technology provides a secure and scalable framework to facilitate communication between IoT devices. In addition, 68% of CIOs and CTOs see the need for scalable governance models to support the interaction of multiple blockchain networks.

Another layer of blockchain technology makes it easier to keep track of sensitive data when it is processed by accounting firms. Data tracking enabled by blockchain technology could help automate certain accounting services using artificial intelligence to reduce human errors and fraud. Bloom wants to bring credit scoring into the blockchain by developing a protocol to manage identity risk in credit scoring using Blockchain technology.

Also read: How does Blockchain Investments Firm offer higher return per fiat currency?

How are PayPal and Crypto Connected?

PayPal revealed that positive influential cryptocurrencies, Bitcoin, Ethereum, Bitcoin Cash, and Litecoin, could be purchased, sold, and maintained by users via Paypal.com. People will be able to purchase and handle their cryptocurrency in one location via its website. Like that of an emerging means of exchange, cryptocurrency is rapidly received increasing attention globally since its launch in 2009.

Cryptocurrencies, partially due to the quick shift in prices they can encounter in comparison to standard government currencies, always been a niche payment process.  PayPal said it intended to improve consumer understanding and acceptance of cryptocurrency.

Cryptocurrency Revolutionizing Business

Cryptocurrencies, that have the power to transform the mechanism of peer-to-peer and remittance transactions, are benefiting substantially from a decentralized framework, low fees, distributed ledger technology transparency, user prorated refund security, and rapid international transfers. In reality, as a result of the ongoing pandemic, its increasing market of alternative currencies continues another sharp turn. Several of these factors are fueling the growth of the global in cryptocurrency transactions (mainly Bitcoin and Ethereum).

The unpredictable prices of cryptocurrencies – along with their widespread use with a less traceable form of payment for malicious activities – have resulted in multiple calls to monitor them.

The New York State Department of Financial Services granted PayPal approval for its operation in the form of a conditional “Bitlicence” – the first such license granted.

The transition to digital currency platforms is imminent, helping to bring with all of it digital natives in terms of economic access and availability; the transaction platform’s functionality, speed and resilience; and the willingness for governments to easily release funds to people,’ said Dan Schulman, PayPal’s president, and CEO.

Development of Cryptocurrency Acceptance and Knowledge

The company is launching the option to acquire, keep and sell select cryptocurrencies, initially featuring Bitcoin, Ethereum, Bitcoin Cash, and Litecoin, directly inside the PayPal digital wallet, to improve customer awareness and appreciation of cryptocurrencies.

This service is also available in the USA for PayPal account holders. During the first half of 2021, the company aims to extend Venmo’s features and select foreign markets. Via a collaboration with Paxos Trust Company, a controlled provider of cryptocurrency products and services, the service is allowed in the U.S. PayPal was also given a first-of-its-kind conditional Bitlicense by the NYDFS – New York State Department of Financial Services.

As part of this service, PayPal would provide educational materials to accounting professionals to help them learn the cryptocurrency ecosystem, its threats, and opportunities associated with investing in cryptocurrencies, and blockchain technology information. There are no service fees while buying or selling cryptocurrency by December 31, 2020, or there are no cryptocurrency ownership fees in a PayPal account.

It’s nice and a convenient procedure, but before implementing any impulsive decisions, PayPal recommends paying just a dollar to experiment around with it. Though it might not be the most viable way of expanding your holdings, the growth of PayPal into the crypto market is a perfect way to step into the cryptocurrency world for the everyday person.

Also read: What is the journey from paper currency system to digital currency system ?

Everything you need To Know about Justin Sun!

Justin Sun, 1990 born, is the Founder and CEO of TRON Foundation, the brain behind TRON Blockchain, and CEO of Bittorent. He was also featured in Forbes Asia 30 under 30!

Justin Sun created Peiwo, an app that matches and links users by analyzing 10-second speech samples and preferences, striving to be China’s Snapchat. Peiwo also made several sites, with digital sports, game shows, and video broadcasts, for developers to share with like-minded peers. To present, over 4 billion chats have reached it. Justin Sun is intimidating and powerful in the Blockchain world.

Justin Sun is the CEO of BitTorrent, founder of TRON Foundation, and Peiwo app. TRON is one of the most popular blockchains in the world. Peiwo was one of the largest voice live streaming apps in China. Justin was named Forbes’ 30 under 30 Asia in 2017 and Forbes’ 30 under 30 China from 2015 to 2017. He is the only millennial graduate from Human University and a protégé of Chinese tycoon Jack Ma, Chairman of the Alibaba Group. Justin obtained a Masters’s Degree from the University of Pennsylvania after he received a Bachelor’s from Peking University.

In 2017, in addition to creating a protocol that can “decentralize the internet” and allow decentralized applications, Sun developed the Tron Foundation in Singapore. In 2018, it transitioned to its blockchain, beginning with Ethereum. Sun has now specifically placed Tron as an Ethereum rival. Sun and the Tron Foundation were charged with plagiarizing other Tron press release initiatives and failure to accurately attribute code in the code repository of the project in 2018, but Sun has denied the charges.

Tronix, often classified as Tron or TRX token, is launched by Sun in 2017. As per data source CoinMarketCap.com, it’s valued at $2.56 billion and is the world’s 10th largest cryptocurrency. The Chinese businessman said he believes to empower Omaha’s Oracle on cryptocurrency and blockchain-called theoretical underpinnings. The Twitter account of Sun has about 737,000 followers, just a bit less than Vitalik Buterin, founder of Ethereum and crypto wizard, with 832,000 followers.

While intensely into crypto, Sun said he trades conventional stocks and checks yearly tech company reports. Justin Sun was identified as the person putting the $4,567,888 career-high offer to get a private lunch with Warren Buffett, CEO of Berkshire Hathaway. Mr.Sun considers himself to be a celebrity and knows he is not just famous but also a lot powerful. He was born poor, hence the constant need to prove him. He has a very strong work ethic, with extreme focus, which he intends to apply to his company.  Mr. Sun completely controls TRON’s public image. His style of leadership has believed to cause chaos and attention too.

Today TRON ranks amongst the Top 20 crypto projects by Market Cap. Justin Sun is extremely ambitious when it comes to TRON, it’s a wait-and-watch game how true and beneficial it will be in coming years in Crypto Revolution.

Also read: How are Utility Tokens different from Security Tokens?

 

 

Do you know Stablecoins come with drawbacks?

Although bitcoin remains the most common cryptocurrency, the market values usually suffer from high volatility. For starters, it increased from about $5,950 in November last year to more than $19,700 in December but then declined by around two-thirds to $6,900 by the beginning of February. Its equity market price swings can be wild; it is normal to see the cryptocurrency jump more than 10% in either trajectory within a few hours. This kind of quick instability makes bitcoin and other common cryptocurrencies ineffective for community use and frequently. Currency should serve as a means of money transfer and a way of preserving financial value, as well as its worth should remain remarkably stable over long periods.

Here comes in the picture a Stablecoin, a new class of cryptocurrencies that try to deliver stable prices and are backed by a reserve asset. Stablecoins have attracted attention as they aim to deliver the perfect blend of instant processing and safety or privacy of cryptocurrency payments, as well as the unpredictable stable value of fiat currencies. The value for Stablecoins was more than $10 billion by May 2020. In countries like Brazil, many people have turned to stablecoins as a substitute for their national currencies under unstable economic conditions. Additionally, in Hong Kong, some people are using stablecoins to escape new regulations of the Internet in a volatile market process.

  • Stablecoins are cryptocurrencies that aim to link their market value to some external reference.
  • Stablecoins may be linked to a currency like the US dollar or to a commodity price such as gold.
  • Stablecoins gain their stable prices via collateralization (financing) or by algorithmic purchase and sale techniques for the relative asset or its derivatives.

There’s an even more complex form of stablecoin that is supported by other cryptocurrencies rather than fiat and still structured to monitor financial assets like the dollar. Maker, the most popular stablecoin issuer that utilizes such a process, actually achieves this with the support of Collateralized Debt Positions (CDPs) that encrypt the user’s cryptocurrency collateral. Then, if the smart contract knows the collateral is secured, a consumer will use it to lend a newly minted dai, the stablecoin.

Most Popular Stablecoins include Tether, USD Coin, Dai, and Diem.

Drawbacks:

There are still some disadvantages for stablecoins to concede. Due to the obvious measured way wherein stablecoins are usually set up, they have unique technical challenges than other cryptocurrencies. Crypto’s publication Capital, for comparison purposes, suggests that although stablecoins are labeled “stable,” they are just as stable as commodities that stablecoin is related to. Historically, the price of the dollar is quite steady, but if it were to change, any variations only in the dollar’s value will be depicted in the stablecoin.

  • Needs rapid expansion, otherwise, it wouldn’t be able to sustain its peg
  • Peg’s weakness in booms and busts and sudden glitches: if market pressure is sustained for the long term, market value can plummet far beyond what the machine could bear, triggering a terminal decline.
  • Compared to hedge funds: reduced coin values are bolstered by the expectation of future progress, however, this progress should be financed by entrants who invest in the system.

Nobody can claim to foresee the outcome of cryptocurrencies, however, what seems evident would be that stablecoins are indeed a positive move – another leap to an economy in which a country’s influence on money is disrupted by open markets via healthy competition.

Also, read:-How are Utility Tokens different from Security Tokens?

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