What is the relationship between cryptocurrency and the economy? How does the crypto market influence economic activity in the nations worldwide?

[Cryptocurrency](https://news.monitalks.io/coins) is a digital currency, not a fiat currency, but that doesn't change the fact that it influences fiat currencies. Crypto has a significant impact on the global economy, whether it is a negative or a positive one.

The article explains the relationship between cryptocurrency and the economy. 

## What is Cryptocurrency?

Understanding crypto will make it easier for you to know the relationship between cryptocurrency and the economy.

Cryptocurrency, at its most basic, is a digital currency that serves as a form of exchange. Various safe transactions can be made with cryptocurrency on decentralized systems. By decentralized system, I mean that transactions made with crypto are done directly with the crypto traders without needing a third party.

Cryptocurrency fully emerged in 2009 when Bitcoin launched. Bitcoin wasn't so popular back then, and even struggled to maintain its stance. Today, however, it is the most popular and largest cryptocurrency. Bitcoin's success paved the way for many other coins. By 2020, more than 2,000 cryptocurrencies had been created. The number is much, much higher than that now.

Huge investments have been made in these coins, and millions of dollars have been earned. However, sometimes huge losses have been incurred.

As long as fiat currencies are involved, there is a relationship between cryptocurrency and the economy.

## Advantages and Disadvantages of Cryptocurrency on the Economy

There is no doubt that there is a relationship between cryptocurrency and the economy. The question is, how does the cryptocurrency market influence the economy globally?

As I mentioned earlier, it could be a negative or positive impact. Listing the advantages and disadvantages of cryptocurrency on the economy will help us weigh the odds.

### Advantages

1.	The transaction made with cryptocurrency is peer-to-peer. This way, trusted transactions can occur easily at any time, and this can boost the economy in many ways. You don't need an intermediary to guarantee the safety of a transaction. For those without a bank account, especially those in underdeveloped countries, transactions can be made more easily.

2.	There are no restrictions regarding where transactions can be made between. For example, you can transact with someone from another country, or even continent, without restrictions. This means businesses, whether small or large-scale, can operate globally.

3.	Low transaction costs encourage more transactions without the fear of high fees.

4.	Cryptocurrency has provided job opportunities and also become a source of income for the unemployed. Millionaires have been made overnight in the crypto space.

5.	[Blockchain technology](https://www.investopedia.com/terms/b/blockchain.asp) has moved into the mainstream. The use of blockchain generally will help reduce the level of trust and increase transparency in transactions.

### Disadvantages

1.	The cryptocurrency market is highly volatile. This simply means that it is highly unpredictable. The wrong investment can make you lose all your assets in one day.

2.	The cryptocurrency market is unregulated, meaning there are no rules guarding the space or protecting the buyer. You can easily purchase a scam coin without knowing.

3.	Transactions made with cryptocurrency cannot be tracked. This means that funds cannot be tracked if they are sent to the wrong address.

The advantages seem to outweigh the disadvantages, but still, there is room for more improvement in the crypto space. The drawbacks may be fewer, but that doesn't stop it from causing severe problems.

## How Can the Relationship Between Cryptocurrency and the Economy be Improved?

The crypto market is still new to the global markets. With time, relevant laws will be created to ensure the crypto space is safer. Cryptocurrency keeps becoming more popular daily, hence a steady increase in the number of investors globally. While waiting for the crypto space to improve, it is vital to maintain wise investment decisions to control the level of risk in the space.

## Conclusion

Cryptocurrency has a massive impact on the economy, most of which is positive. With time it can be a completely acceptable way of doing business transactions, and the relationship between cryptocurrency and the economy can further be improved.


Cryptocurrency and the Economy: Crypto's Influence on Finance

The South African company [H20 Securities received sustainable impact investing round of $150 million](https://cointelegraph.com/news/african-infrastructure-firm-lands-150m-to-launch-crypto-water-token) from the GEM Digital investment firm through the sale of the H20N coin.

GEM Digital will own H20N tokens as a result of its massive investment, which will be used to steer investments in water delivery infrastructure in locations where fresh water is scarce.

H2O Securities and the H2ON Token enable the faster growth of water infrastructure and solutions through the use of its token approach and blockchain technology. The company intends to accelerate global water infrastructure development and believes its solution will enhance water availability to the world's population.

 In a joint release on July 4, CEO of H20 Securities Julius Steyn stated, "The focus with the H2ON token is primarily on the worldwide financing of water projects, rather than the technical engineering and building of such projects."

 On July 4, alongside the announcement, the H20N was also added to the Bitmart centralised exchange (CEX) launchpad's initial decentralised offer (IDO) platform.
 
## GEM Digital- sustainable investment strategy
 
GEM Digital, based in the Bahamas, is a $3.4 billion investment corporation that specialises in alternative investments such as digital assets and resource extraction equipment. The company offers sustainable impact investment in technologies that aim to better the environment and human living situations. Its portfolio includes investments in Changing World Technologies, a food waste processing company, and Neos Ocular, a laser manufacturer.

GEM portfolio also includes investment in QBNK Holding AB, a digital asset management business.

H20N will be used to pay invoices between H20N network members, such as water plant owners and their customers. The company claims that generating capital to finance water projects will shorten the time it takes water suppliers to supply to new consumers compared to existing methods.
 
For more Latest Moni news check out [Latest Moni](https://news.monitalks.io/news).
 



Sustainable impact investing in blockchain and water 

The [Online Blockchain share price](https://www.londonstockexchange.com/stock/OBC/online-blockchain-plc/company-page) has continued to tumble. However, a new digital currency offering may lead to a turnaround.

Online Blockchain plc and its subsidiaries operate as a blockchain corporation in the United Kingdom. The business is divided into two segments: faucet subscription and management services.

It also serves as an incubator and investor in technological firms, such as internet and information enterprises, blockchain developers, administrators, and custodians. In December 2017, the firm changed its name from On-line plc to Online Blockchain plc.

It is listed on the AIM market of the London Stock Exchange and is incorporated and located in the UK.

Online Blockchain has been working on systems to facilitate the adoption of blockchain and cryptocurrency technologies across various applications for some time.

Its first foray into the future was PlusOne, a media token that connects to the hub of an online community. PlusOneCoin provides an online community with the potential to reward members and promote content.

## Share Price

The company's shares are traded on AIM (LSE: ONL). There are currently 14,311,709 shares in issue, with zero being held by the Treasury and 3,059,350 of the securities not in public hands. Major shareholders include CH Chambers, who has 1,529,364 shares, accounting for 10.7% of the holdings. MJ Hodges currently holds 1,365,500 shares, which is 9.5%. Currently, there are no limits on the transfer of securities.

Since its incorporation on 19 December 2017, the Online Blockchain value has been in a downward trend, falling from 139.00p to 19.00p in just under five years.

The Online Blockchain price reached a bottom of 7.00p in mid-2019. It rose again to as high as 100.00p before dropping back to 41.0p.

The share price then stayed in a range between 33.00p and 50.00p. This was before the Online Blockchain share price broke out to trade at 60.00p before falling back to 29.00p. In recent weeks it has been trading between 26.50p and 45.50p in a downward trend, before dropping below 24.50p to its current Online Blockchain share price of 19.00p

In May, Online Blockchain stated that its 'Brazio' cryptocurrency has reached another "important" milestone. The AIM-listed business revealed that Brazio, characterized as a listed safe digital money for Brazilian residents, saw its first 'halving' on 13 May.

It stated that halving is a cryptocurrency event in which the creation of new currencies is halved, implying that Brazilian 'miners' will see their block reward lowered from 200 coins to 100 coins.

There are now 83 million Brazio coins in circulation, with a total allotment of 210 million. According to Online Blockchain, the decreased supply, along with the previously stated high demand, is predicted to be a favourable indication for the Online Blockchain share price.

The Proof-of-Work currency, developed for unbanked Brazilians, with an average daily volume of 250,000 on SouthXchange and roughly 3,000 claims per day on cryptocurrency exchange FreeFaucet.

According to Online Blockchain, Brazio's mining distribution was designed for common PCs rather than specialized mining gear, unlike other cryptocurrencies.

According to the board, the next halving is projected in around two years.

"This is a watershed moment for Brazil, and we are encouraged by both the currency's development and appeal," said Clem Chambers, chief executive officer.

Brazio's security, swift transactions, and independent governance make it an appealing solution in Latin America, where cryptocurrency use is rising.

Perhaps the current announcement will cause the Online Blockchain share price to return to its highs of 139.00p, but according to technical analysis, the slump is continuing, and prices are approaching zero. Time will tell if this is a positive announcement for the Online Blockchain share price.

For more crypto business news see [Latest Moni](https://news.monitalks.io/news).


Online Blockchain Share Price Continues to Tumble

As of today, the [Hashtrust](https://hashtrust.io/) token price is $0.00000407.

However, Hashtrust’s last market cap, 24-hour volume, and market cap rank are unknown.

The Hashtrust token price had an all-time high of $0.00332 four months ago. Over the last day, Hashtrust token price has had 0% transparent volume and has been trading on two active markets.

Since the 6 April 2021, Hashtrust token price has increased from $0.00000183 to $0.00008523, hitting lows of the $0.00000001.

Hashtrust is the first project aiming to develop a fully decentralised cloud mining by producing HTX and ERC20 tokens that store hashing power and expand over time, with 1 billion HTX tokens distributed on the Ethereum network.

Hashtrust is an ICO, but it is also a fully functional mining site. The purpose of the ICO is to raise enough funds to create a smart contract that will do what the site is doing now, but in a decentralised way. That means contracts and mining will be doing their work in the blockchain and cannot be modified by the creator or anyone else.

It is reported that 1,000,000,000 HTX are available; once mining is completed, you will only be able to buy/sell tokens.

A Hashtrust founder explained he enjoys the joy of cloud mining while owning a tiny farm and said there is delight in using the web interface to interact with your miner and watching numbers climb. However, that was felt to be unsafe and open to fraud, so he decided to create something better. This 'fun' little project could be the future of cloud mining, forcing the big mining companies to go decentralised.

One investor noted that many ICOs and airdrops he had previously participated in were useless since some airdrops are extremely unclear and others are completely worthless. However, Hashtrust is one of the tokens he believes he has successfully earned. He may now formally withdraw and trade. He said that the only difficult aspect is earning this token when you first start, as the daily faucet is just 25 HTX per day.

You have a few alternatives for increasing your earnings. One way is to download the Brave browser. Then you'll be able to receive 1,000 HTX and your profits will accelerate. Even though this mining is manual, you just require one minute of your time each day.

Find out more crypto coin news at [Latest Moni](https://news.monitalks.io/news)


Hashtrust token price review

Here are five of the best crypto experts and advisors to follow for authentic market insights! 

As a novice investor, you might find the crypto market too ruthless. The high uncertainty, along with an increasing number of scammers, further makes the market quite risky.

Entering it without proper guidance from an authority could result in significant losses.

That's why you must take advice from an established investor, carry out research on your own, and read well-researched articles on [Moni Talks](https://news.monitalks.io/). Always be aware that there are also many fake crypto gurus. If you started following one, it might backfire.

If you're looking for authentic crypto guidance, here's a list of the five best crypto advisors who will give insights on long-term market trends and day-to-day trading. Let's dive in!

## 1.   Vitalik Buterin

[Vitalik Buterin](https://twitter.com/VitalikButerin) needs no introduction. Being a crypto billionaire and co-founder of the second biggest blockchain, Ethereum, Buterin has seen crypto’s origin. He is an influencing figure in the crypto world and has tremendous knowledge about how it works.
Buterin shares his knowledge about crypto in [Bitcoin Magazine](https://bitcoinmagazine.com/). Moreover, he also shares his views on market trends and emerging technologies on Twitter, where he has over 4M followers.

## 2.   Sam Volkerings

One of the known figures in crypto to teach you the ins and outs of crypto trading is [Sam Volkerings](https://www.samvolkering.com/). He is an acclaimed crypto author, advisor, and experienced investor. You can get guidance from him through numerous newsletters, including [Exponentialinvestor.com](https://www.exponentialinvestor.com/), [CryptoInvestorExtreme](https://www.southbankresearch.com/crypto-profits-extreme/), and [RevolutionaryTrendInvestor](https://www.southbankresearch.com/revolutionary-trend-investor/).

Moreover, he also has been running a secret Sam Volkerings crypto network. There you will find his insights on the crypto market trends, small-cap projects you can invest in, and his investment strategies.

## 3.   Andreas M. Antonopoulos


[Andreas M. Antonopoulos](https://aantonop.com/) is another famous name in the crypto world. If you want to learn the basics of blockchain and cryptocurrencies, his YouTube channel is the best place to start. Having more than 300,000 subscribers, the channel provides informative content on crypto.

In addition, [Antonopoulos](https://twitter.com/aantonop) is also active on his Twitter, where he likes to commentate on daily crypto news and shares tips regarding trading. Currently, his Twitter account has over 730,000 followers.

## 4.   Michael Saylor

[Michael Saylor](https://twitter.com/saylor) is another famous personality in crypto. If you want daily updates about Bitcoin, in particular, you can follow Michael Saylor. Saylor has more than 2.4 million followers who benefit from his daily updates about Bitcoin.
Besides, he is the founder and CEO of MicroStrategy Incorporated. His first investment in Bitcoin was through this company, making it the first institutional investor.

## 5.   Roger Ver

[Roger Ver](https://twitter.com/rogerkver) is known in the crypto space as Bitcoin Jesus. He’s counted among the earliest Bitcoin investors, who started in 2011. Roger Ver is an experienced investor who has explored numerous blockchain startups. Besides Bitcoin, Ver has invested in Ripple, Purse.io, Z.cash, Kraken, and others. 
Roger Ver has more than 750,000 followers on his Twitter account. You can follow him there to get all Bitcoin-related updates and investment strategies.

## Final Thoughts

Stepping into the crypto’s stormy market without direction or guidance is not advisable. That’s why you must follow the best crypto experts and advisors to learn how it works and get market insights.


5 Best Crypto Experts and Advisors to Follow 

On Tuesday, 28 June 2022, [RIA Novosti, reported](https://ria.ru/20220628/aktivy-1798704057.html) that the Duma state, the lower house of the Federal Assembly of Russia has introduced a bill for taxation on the trading of digital financial assets (DFA.)


## Annual 13% tax on crypto exchanges in Russia

Previously, Russia ‘s company tax rate is 20%. According to the bill, for an initial 5 million rubles annually, 13% company tax rate will be applicable for trading through Russian exchanges. A 15%  tax rate will be applicable if the amount exceeds this limit. Whereas foreign exchange operators will be charged 15%.

Moreover, the approved crypto taxation bill in Russia also establishes that there needs to be specific laws that can ensure transparency in crypto business and trading. In addition, it provides a complete tax procedure that will help shape Russia’s digital economy.  

## Russia to leverage crypto, bypassing sanctions.

As Russia and Ukraine are at war, Russia is facing harsh sanctions worldwide. They are looking to leverage the crypto market and blockchain technology to escape economic isolation. 

Russia did not initially favor the cryptocurrency and digital assets market. The recent sanctions have severely affected its economy, and now the country is looking to ease its policies for crypto trading. It is expected that digital financial assets trading will strengthen Russia’s overall economy. 

Nevertheless, the bill is yet to be reviewed by the upper house of the Russian parliament. It requires the approval of President Vladimir Putin. But the question is, will the use of crypto and other digital assets be beneficial for Russia in bypassing Western sanctions? 

In case positive crypto policy is not enough, Russia has announced it will be accelerating the launch of its stable coin, the digital ruble by April 2023. Russian Central Bank first deputy chair Olga Skorobogatova [stated in an interview](https://cointelegraph.com/news/russian-duma-passes-bill-to-remove-vat-lower-income-tax-rates-on-digital-asset-sales): 

> I think all self-respecting states will have a national digital currency within three years. […] We should be ready as soon as possible. Plus, this will settle the issue of being blocked from SWIFT, because this integration will make SWIFT unnecessary,”




Russia using crypto to bypass sanctions

Best known as one of the top featured investors on Shark Tank, [Mark Cuban](https://cointelegraph.com/news/bear-market-will-last-until-crypto-apps-are-actually-useful-mark-cuban) believes that a greater emphasis on blockchain applications and utility outside of finance will bring more investors back to the crypto wealth apps space and perhaps reverse the market's decline. 

With so many crypto wealth apps focused on financial technology or collectables, launching a business-focused application would be one of such events that could inject positive sentiment back to the market.

## Mark Cuban crypto view- True value in crypto will only be realised when blockchain UX and utility is achieved 

Mark Cuban  anticipates a flood of consumers if something like a "decentralised version of Quickbooks," a small company accounting management software, debuts within the crypto wealth apps market. 

Mark Cuban crypto went on to say that [Bitcoin](https://monitalks.io/news/article/how-many-bitcoins-are-left-to-mine) is still not cheap, particularly when compared to the huge market capitalisation of other DeFi ventures. 

"When you look at market caps and see a billion-dollar-plus market value of $6 billion, $8 billion, or $40 billion, you don't think, 'that's inexpensive,’ Mark Cuban crypto added. In DeFi Summer, these products were trading for less than a cent, with market values in the hundreds of millions.”

> "There's no utility"

He adds that "there's no utility" even with smaller market cap cryptos, citing the decentralised exchange (DEX) SushiSwap (SUSHI) token as a relatively inexpensive investment with a $215 million market cap. But notes: Even if compensated as a liquidity provider, who will buy it from you and why?

He believes that mergers between multiple protocols and blockchains will eventually consolidate the crypto business and crypto wealth apps, as in any sector.
Mark Cuban crypto said he would instead work with someone who says, “Let's do a roll-up”. Stating that, he'd support a merger of various blockchains and move crypto wealth apps and communities to just one whilst offering a token exchange or bridge from the closing blockchains to port users over. 

When asked which of the crypto space's sub-sectors he was most enthusiastic about, Mark Cuban stated his interest in carbon offset DeFi tokens, which he burns to offset his carbon footprint.
He also added that: 

> "All of them have promise, that's why they received all this money, and all of them have a reason why they think they're superior and will do well".

For more crypto-related news, visit [Moni Talks](https://monitalks.io/news).




Mark Cuban believes crypto apps need better utility

If you've ever seen the term and asked yourself, 'what is staking crypto?', we're here to help.
Staking crypto is an excellent method to make passive income from your crypto assets. The profits might especially appeal to people who have already invested a considerable amount of their net worth in cryptocurrency. 

In crypto, there are two basic consensus mechanisms: proof of work (PoW) and proof of stake (PoS). The role of consensus mechanisms is to assure the legitimacy of transactions. An additional block is added to the blockchain if a transaction is authorised. These protocols safeguard the network.
PoW systems safeguard networks by utilising computational power and do not enable crypto to be staked. PoS methods, on the other hand, maintain security through verifiers that tie up crypto — or stake it, as the term staking crypto implies. The validators are compensated for staking crypto to safeguard the network. 

Few cryptocurrency owners can become validators. This is owing to the high value of necessary crypto holdings and the requirement for hardware infrastructure with appropriate processing power. However, there are crypto-staking solutions with lower entrance hurdles.  

## How to Stake - What is Staking Crypto?

There are other staking pool alternatives available, including P2P Validator and Staking. These platforms provide cryptocurrency staking solutions that "pool" crypto assets from many participants. This implies that the quantity of cryptocurrency needed to stake is less than if a person became a validator individually. 
Exchanges are the most accessible and straightforward way for many crypto holders to stake their coins. Some of the top cryptocurrency exchanges, including Coinbase and Binance, provide crypto staking services.  

Coinbase compensates its members just for keeping a certain number of specific cryptos in a wallet, with dividends ranging from daily to quarterly. The staked cryptocurrency does not even need to be acquired through the Coinbase exchange.  
Binance is one of the most comprehensive cryptocurrency staking platforms. In most cases, it has more than 112 tokens that may be staked from one to four months. 

PoS cryptos are the only ones that can be staked. [Ethereum (ETH)](/coins/eth), Polkadot (DOT), Solana (SOL), NEAR Protocol (NEAR), Cardano (ADA), and Tezos are among the most popular and regularly staked cryptos (XTZ). 

## What is Staking Crypto - The Benefits

Cryptocurrency may be safely stored in a wallet, and ownership can be preserved throughout the crypto staking process. Staking cryptocurrency also gives benefits for confirming transactions and safeguarding the network.  
This reward is a percentage return, akin to a dividend or interest on a checking or savings account. The return varies depending on the cryptocurrency invested, but, in all cases, it is far larger than the yearly percentage returns that consumers obtain from traditional banks. 

The greater the amount of cryptocurrency staked, the greater the possible benefits. Those with substantial crypto holdings can thus become exceedingly wealthy through staking. It is a good method of wealth creation for long-term holders of PoS crypto assets. It may be quite profitable if done correctly. 
 
## Is Staking Crypto Safe?

The regular fluctuation of cryptocurrency prices is one disadvantage. As previously said, the yields generated will be determined by the crypto token. Volatile cryptocurrencies can provide bigger profits, but this comes with the danger of the underlying token's price falling.  
The recent Terra LUNA token crash, which resulted in billions of dollars in losses, illustrates this.

Some forms of crypto staking require assets to be locked up for a specific amount of time, which means no action can be performed even if the price of the cryptocurrency falls. Liquidity pool hacking might potentially result in the entire loss of the crypto tokens invested.

## Final verdict 

Staking cryptocurrency has both good and bad effects. For risk-takers, the potential of significant returns for little to no effort makes the venture viable. However, for the ordinary crypto investor, exchanges remain the greatest option for crypto staking.

Whether or not to what is staking crypto will depend on an individual's attitude towards risk. Crypto earners averse to risk may prefer to preserve the ownership of their assets. On the other hand, risk-takers would be more than happy to stake their crypto for higher potential returns.
Other risks include staking pools being hacked, which can result in total loss of the crypto asset staked.


What is Staking Crypto?

Cosmos crypto is a network of numerous autonomous blockchains known as zones.
The zones are driven by [Tendermint](https://tendermint.com/) BFT, which provides a high-performance, reliable, and secure PBFT-like consensus engine with stringent fork-accountability guarantees over malicious actors' behaviour.

Tendermint BFT is an excellent choice for scaling public proof-of-stake (PoS) blockchains.
Cosmos crypto is a multi-asset PoS cryptocurrency with a simple governance system that allows the network to adapt and update.

## Functions of Hubs and Zones 

The Cosmos crypto network's Hub and zones connect through an inter-blockchain communication (IBC) protocol, which is like a virtual UDP or TCP for blockchains.

Tokens may be moved securely and swiftly from one zone to another without the requirement for liquidity exchange. All inter-zone token transactions are instead routed through the Cosmos Hub, which maintains track of the total number of tokens owned by each zone.

Each zone is separated from the non-success of other zones by the hub. Zones provide future compatibility with new blockchain breakthroughs since anybody may connect a new zone to the Cosmos Hub. 
This design addresses several current issues in the blockchain field, such as application compatibility, scalability, and seamless upgradability. Zones produced by other blockchain systems may be connected to the Cosmos Hub. Cosmos can grow indefinitely to accommodate global transaction demand because of these zones. Zones are particularly well-suited to dispersed exchanges, which will be enabled.  

Cosmos crypto is more than a single distributed ledger, and the Cosmos Hub is not a fortress or the centre of the cosmos.
The aim is to develop a protocol for an open network of distributed ledgers that will serve as a new basis for future financial systems based on cryptographic, sound economic, consensus theory, transparency, and accountability principles. 

## Public Blockchain

The Cosmos crypto Hub is the Cosmos Network's first public blockchain, powered by the Tendermint BFT consensus algorithm.
The Tendermint open-source project was founded in 2014 to solve [Bitcoin](/coins/btc)'s proof-of-work (PoW) consensus algorithm's speed, scalability, and environmental challenges.

The Tendermint team was the first to conceptually demonstrate a PoS cryptocurrency that addresses the nothing-at-stake problem suffered by first-generation PoS cryptocurrencies such as NXT and BitShares1.0 by using and improving on proven BFT algorithms developed at MIT in 1988. 

All Bitcoin mobile wallets now employ trusted servers to offer transaction verification. This is because PoW needs many confirmations before a transaction can be regarded as permanently committed. On platforms like as CoinBase, double-spend attacks have already been proven. Tendermint, unlike other blockchain consensus systems, provides immediate and provably secure mobile-client payment verification. Because the Tendermint is designed to never fork, mobile wallets may get fast transaction confirmation, making trustless and practical payments possible on cell phones. This has far-reaching implications for the Internet of Things applications.

Validators in Cosmos crypto perform a similar function to Bitcoin miners, but instead vote using cryptographic signatures. Validators are secure, specialized computers in charge of committing blocks. Non-validators can delegate their staking tokens (dubbed "atoms") to any validator to receive a percentage of block fees and atom rewards, but they risk being penalised (slashed) if the delegate validator is hacked or breaches the protocol.
Tendermint BFT consensus's established safety guarantees, as well as the collateral deposit of stakeholders–validators and delegators–provide demonstrable, measurable security for nodes and light clients. 

Validators and delegators on the Cosmos crypto Hub can vote on proposals to automatically adjust system default settings, coordinate upgrades, and vote on revisions to the human-readable constitution that governs the Hub's rules. The constitution promotes stakeholder cooperation on issues such as theft and bugs (such as the TheDAO incident), allowing for faster and cleaner resolution. 

Each zone might have its constitution and governing process. The Cosmos Hub, for example, might have a constitution that guarantees immutability at the Hub (no rollbacks except for defects in the Cosmos Hub node implementation), but each zone can specify its rollback policy. The Cosmos network provides maximum freedom and the opportunity for permissionless experimentation by facilitating interoperability among different governance zones. 

On this basis, the Cosmos crypto Hub runs several distinct blockchains known as "zones". A steady stream of recent block commits from zones placed on the Hub helps it maintain track of each zone's current condition. Similarly, each zone monitors the Hub's status. Packets of data are then transmitted from one zone to another by publishing Merkle-proofs as proof that the data was delivered and received. This technology is commonly known as inter-blockchain communication, or IBC for short.  

Since the Cosmos crypto Hub serves as the primary ledger for the entire system, its security is critical. While each zone can be secured by as few as four Tendermint blockchains, the Hub must be secured by a globally decentralised set of validators capable of withstanding the most severe attack scenarios.

## Zones 

A Cosmos zone is a self-contained blockchain that uses IBC messages to connect with the Hub. According to the Hub, a zone is a multi-asset dynamic-membership multi-signature account that may send and receive tokens using IBC packets. A zone, like a cryptocurrency account, cannot send more tokens than it has, but it can accept tokens from those who do. A zone can be designated as a "source" of one or more token types, allowing it to raise the supply of those tokens. 

Validators of a zone connected to the Cosmos Hub may stake atoms of the Cosmos Hub. While double-spend assaults on these zones would result in the cutting of atoms with Tendermint's fork accountability, a zone with more than 2/3 Byzantine voting power can commit an incorrect state.

Because the Cosmos Hub does not validate or execute transactions committed on other zones, users must deliver tokens to zones they trust.
In the future, the Cosmos Hub's governance system may approve Hub upgrade requests that consider zone failures.


Cosmos Crypto Explained

NRCH crypto is a new cryptocurrency that uses the Enreach algorithm

## What is the EnreachDAO Algorithm?

The [EnreachDAO](https://enreach.io/)(NRCH) currency is designed to be more secure and efficient than other cryptocurrencies. It offers several features that make it attractive to investors.

For example, NRCH crypto uses a unique system of blocks that allows for rapid transaction times and low fees. In addition, the currency is backed by a reserve of real assets, which provides additional security.

The Enreach algorithm is also designed to resist quantum computing, ensuring that NRCH crypto remains secure in the future. As a result, NRCH offers investors a unique combination of security, efficiency, and low fees.

In addition, NRCH crypto was designed to be more energy-efficient than other cryptocurrencies, making it more environmentally friendly. Enreach is still in its early stages, but it has the potential to become a major player in the cryptocurrency market.
The Enreach network behind NRCH is based on the [Ethereum](/coins/eth) blockchain, enabling users to make secure and transparent transactions.
It is also ERC20 compliant, meaning it can be stored in any Ethereum-compatible wallet.

In addition, NRCH is mintable, meaning that new tokens can be created as needed. As a result, NRCH provides a flexible and versatile way to make payments online.
NRCH is a mined cryptocurrency, meaning that new coins are created through the process of mining. This involves verifying transactions on the Enreach blockchain and is rewarded with NRCH coins.

In order to mine NRCH, you must have a special computer called an ASIC miner.

As you'd expect, NRCH is a decentralised cryptocurrency, so a central authority does not control it. Instead, its users manage it through its blockchain, a public ledger that records all NRCH transactions.

NRCH is currently the 17th-largest cryptocurrency by market capitalisation.


NRCH Crypto: EnreachDAO Explained

Is the Reef crypto project the answer to many cryptocurrency investors' dreams?

As DeFi projects continue to receive a great deal of attention in the crypto space, the lack of interoperability is a serious bottleneck with which users grapple. This is especially the case when they interact with a variety of applications as they try to tap every opportunity that DeFi has to offer.

A platform enabling users to access and interact with all their preferred DeFi applications in one place seems to be an urgent need right now. That's precisely where the Reef crypto project comes in.

Here, we explore the Reef crypto project.

## What is Reef Finance (REEF)?

[Reef finance](https://stake.reef.finance/) is a project that looks to tokenise staked assets and enable decentralised automated market making, synthetic investments, and liquidity mining through a single platform backed by Polkadot.

It allows users to stake their DOTs, BTC, ETH, and other assets to earn from yield-generating synthetic assets. Moreover, the REEF token powers the entire ecosystem and is used for governance, fees, and liquidity mining.

The Reef crypto project has seen much interest from big-name investors like Multicoin Capital and ParaFi Capital. As a result, Reef Finance appears to be well-positioned to become a leading player in the DeFi space.

## How Does Reef Finance Work?

It's a cross-chain blockchain platform that enables users to trade across different DeFi platforms, like Aave, Uniswap, Synthetix, and Compound.

The system does this by pulling liquidity from many sources - which is how it finds the best possible yield rates for users while stabilising network liquidity. Cross-chain connections with other DeFi platforms are enabled through the Reef Basket Engine. This 'basket engine' contains the Reef Smart Yield Engine and the Reef Intelligence Engine.

Reef Smart Yield Engine

The Reef Smart Yield Engine is a machine learning and AI-powered yield engine that allows users to invest in baskets of currencies and earn stable yield rewards. The Smart Yield Engine is powered by user behavior, which determines the engine's methodologies to back the baskets of currencies in which users invest. Five of the key features of the Smart Yield Engine are:

•	user investment flexibility
•	staking duration flexibility
•	basket creation
•	cross-chain investments
•	stable yield rewards.

This enables Reef Finance to become a decentralised finance platform that supports many assets and investment strategies. Thanks to the Reef Smart Yield Engine, users can easily and confidently invest in various assets without worrying about the complexities of managing those assets themselves.

With the Smart Yield Engine, Reef Finance can provide users with the stability and security of a traditional financial institution while still maintaining the freedom and flexibility of a decentralised platform.

## Reef Intelligence Engine

The Reef Intelligence Engine is an important tool for anyone looking to get involved in DeFi. This powerful engine sources data from all over the internet, including asset prices, on-chain data, and liquidity pool activity. The Intelligence Engine can monitor the financial markets in real-time and make micro-adjustments to the Smart Yield Engine with this information.

As a result, the Basket Engine can rebalance portfolios and allocate assets with yield automation. In other words, the Reef Intelligence Engine is the brains behind the operation, making sure that everything runs smoothly.

The Reef Basket Engine combines the two engines - the Intelligence Engine and the Smart Yield Engine. Essentially, it's a machine that helps rebalance and allocate assets based on yield. And it does all of this automatically!

If you're seeking a way to invest in DeFi with less hassle, the Reef Basket Engine is worth checking out.

## Who Are the Founders of Reef Finance? (A Brief History of History of the Reef crypto project)

The Reef crypto project is a relatively new addition to the crypto-verse, but it's already made quite a splash. The team behind Reef are veterans of the industry, with a long history in both traditional finance and crypto. And they're not afraid to show it - the Reef website proudly displays the team's resumes, complete with an impressive education and work experience.
But who are these people, and what does their experience mean for Reef? Good question - let's dive in and find out!

Denko Mancheski founded Reef Finance in 2019. Mancheski, who is from Macedonia, has a strong background in crypto. He previously served as Adel's Chief Technology Officer, an international crypto incubator designed for blockchain innovation. The goal of Reef is to lower the barrier to investing and enable inexperienced and new traders to invest in a variety of cryptocurrencies with automated liquidity and a simplified trading process.

Mancheski created the project to make it easier for people to get into investing. It seems to be working so far! The team behind Reef is constantly expanding, and they've already partnered with some big names in the industry.

So, it looks like things will only get bigger and better for Reef Finance!

## What Makes Reef Finance Unique?

There are plenty of options out there when it comes to cryptocurrency, but not all of them are created equal. The Reef crypto project is unique because it offers a one-stop-shop for your DeFi needs:

•	It leverages the Polkadot network to offer scalable and low-cost financial services. This gives it some serious scalability advantages over other projects.
•	It has built a staking ecosystem that allows users to earn rewards for participating in the network.
•	 It has a team of experienced developers passionate about building the next generation of financial products.

With Reef, you can deposit any crypto and earn interest on it, trade various assets, and even take out a loan if you need to.
Reef is built on several platforms such as Avalanche, Binance Smart Chain, Moonbeam, Plasma, and [Ethereum](/coins/eth), thanks to how the protocol has been designed on Polkadot.

## What Gives Reef Finance Value?

Reef Finance is a unique DeFi project that offers a cryptocurrency swap protocol and liquidity staking platform. If you want to add some extra "oomph" to your portfolio, Reef Finance might be the perfect fit. This up-and-coming cryptocurrency is great for several reasons, but one of the most compelling is its potential uses in the realm of DeFi.

Reef Finance is still in its infancy, but it's already showing a lot of promise. In addition to being a versatile tool for managing digital assets, its edge over other cryptocurrencies comes from many unique features. For example, its native token (REEF) can be used to earn interest on deposits, the stake for governance, and participate in liquidity mining pools.

In other words, it's got a lot of utility. But what sets Reef apart is its focus on security. Its developers have designed a robust security protocol that includes multi-sig wallets and fraud detection features. As the world of DeFi continues to grow, Reef Finance is positioning itself as a safe and reliable way to participate.

All of these factors combine to give Reef Finance significant value. If you're looking for a cryptocurrency with real-world potential, Reef is worth checking out.

## How to Use Reef Finance

The protocol provides a suite of DeFi products and services, including staking, liquidity mining, trading, and investing. Reef also offers yield rewards and other DeFi services that can be easily integrated into the highly upgradable, forkless network.

The native token of Reef Finance is the REEF token, which can be used for liquidity mining, staking, lending, borrowing, and paying fees.
In addition, traders can trade REEF in the cryptocurrency exchange to take advantage of the best yield rates through an automated process.

## Final Thoughts

Reef Finance is a unique project that can revolutionize how finances are handled. Using blockchain technology and its own Reef Intelligence Engine, it can provide a more efficient and secure way for people to conduct financial transactions.

The Reef crypto project aims to provide financial services for the world's 2 billion unbanked population. The Reef Intelligence Engine will allow users to borrow money, invest in projects, and use other financial services.

Reef Finance is unique in its focus on providing these services to the unbanked population. This gives Reef Finance value because it provides a much-needed service to those who don't have access to traditional banking services.

The founders of the Reef Crypto project have a long history in the finance industry and bring years of experience and knowledge. This makes Reef Finance a valuable investment opportunity.


Reef Crypto: Everything You Need To Know

[Non-fungible tokens](/news/category/nft-news) have swept the globe, but they’re not quite as complicated as they appear.

In this article, we will explain how you can create an NFT (Non-Fungible Tokens) on Blockchain-based marketplaces in simple terms and in very few minutes.

## What Is NFT?

The word ‘NFT’ means ‘Non-fungible Token,’ meaning that they are digital assets that can’t be replaced.
NFTs are digital assets that use Blockchain technology to hold the virtual assets of their creators online.
Even a tweet can be regarded as an NFT, whether it is a song, blog post, digital artwork, playing cards, or a collectible.
You’re probably mistaken if you think that making NFTs is only for artists. On the contrary, anyone can make NFTs for free, which is exactly what I’ll demonstrate in this article.

However, do not confuse NFTs with cryptocurrency. They aren’t the same thing at all.
NFT and Crypto are, in fact, components of Web 3.0. However, there are a few ways in which NFTs and Crypto are related.

The following subtopic walks you through the steps of creating your first free crypto wallet using [MetaMask](https://metamask.io/).

## Things to note before creating an NFT

How to make and sell NFT’ is a hot topic that doesn’t seem to be going away anytime soon. It’s quite simple, but you must consider all factors before embarking on your own path. Consider consulting with a professional who can explain how to create NFT art so that you can make an informed choices.

Before proceeding, here’s a list of what you will need to begin creating, minting, and selling your own NFT: 

•	A Crypto Wallet
•	An NFT Marketplace Account
•	A Software to create or generate NFTs

## How to Create a Free NFT Crypto Wallet?

There are plenty of wallet providers to choose from, but we’ll concentrate on MetaMask, the most extensively used crypto wallet.

1.	To get started, go to MetaMask’s official Chrome Web Store page (visit) and click the “Add to Chrome” located on the button in the top right corner. If your browser prompts you for confirmation, select “Add Extension.” Make sure you’re using one of the chromium-based browsers, such as Google Chrome.
2.	When you install the Extension, it will launch a new webpage to get you started. On this new screen, click the “Get Started” button.
3.	Once you’ve done that, MetaMask will then prompt you to log in or register for its wallet. Choose the right-hand option and click the “Create a Wallet” button.
4.	Your secret recovery phrase will now be shown in the app. If you don’t want to lose access to your wallet, don’t share it. Also, remember it or download it for safekeeping using the provided option. Then press the Next button. Before your wallet is complete, MetaMask will require you to enter the security phrase.
5.	After you’ve created your password, you’ll need to come up with a recovery phrase. It’s a 12-word phrase that serves as your wallet’s username. Before you click the “next” button, MetaMask will explain everything in detail.
6.	Your secret recovery phrase is now shown in the app. If you don’t want to risk losing your wallet, don’t share it with anyone. Also, make a note of it or save it to your computer using the option provided. Then select Next. Before your wallet is ready, MetaMask will ask you to type in the security phrase.
7.	Finally, MetaMask will lead you to the wallet dashboard, where you may access all of the cryptocurrency’s details. Finally, our wallet is now ready to produce its first NFT.

## What is Minting an NFT?

In the case of NFTs, minting is the process of taking a digital asset and transforming it into a blockchain-based digital asset, making it a commodity that can be purchased and sold.

To put it another way, a digital asset is any file that is created electronically. This can be an image, an article, a video, or anything else. Minting is the process of converting a digital asset into an NFT by adding it to a blockchain, usually Ethereum. The Blockchain is a decentralised digital ledger that cannot be amended, edited, or destroyed once an item has been added to it. The asset can be sold on an NFT marketplace once it has been minted and certified as an NFT.


## How to Create an NFT for Free: Step by Step Process

1.	Create a Crypto wallet account: You will need a crypto wallet, as we’ve mentioned at the beginning of this article. To create your wallet account, follow the steps above.
2.	Create an account on an NFT marketplace: There are several NFT Marketplaces, such as
•	Crypto
•	Rarible 
•	OpenSea
•	Binance
•	WazirX. 

You’ve probably heard of OpenSea. If you haven’t heard, OpenSea is the world’s largest NFT marketplace as of 2022. On OpenSea, you may use [Ethereum](/coins/eth) to purchase and trade collectibles, NFTs, trading cards, domain names, pictures, and other fun goods. 
Step 1. To get started, create an account. Then, click “Create” in the upper right corner of OpenSea.

Step 2: You’ll then be directed to a page where you’ll be prompted to link your OpenSea account to an Ethereum wallet.

Step 3: Metamask is definitely one of the most popular choices. When you click it, you’ll be directed to the Metamask website to download the Chrome Extension.

Step 4: After you’ve downloaded the Extension, it’ll prompt you for permission to link your Metamask wallet to your OpenSea account.

Step 5: You’re done! You’ll be redirected to an OpenSea website where you can upload and mint your NFT

Congratulations! Your OpenSea account has been successfully created.

Remember to personalize your NFT marketplace account by uploading a banner image and connecting your social network accounts. The more time you spend making sure your social media accounts are connected, the more visible your art will be; the more time you spend adding detail to your profile, the more visible your art will be.

3.	Make some Art: An NFT can be any digital file, so make whatever art you want, if I were to choose, for example, I’d go with a digital painting. Then I’d save the new artwork as a jpg before uploading it to my new NFT marketplace account and minting it as an NFT.

Here are five platforms for creating, designing, or generating beautiful NFTs:

1.	Fotor: This software employs artificial intelligence to assist non-artistic individuals in creating NFTs. Fotor is a no-code platform that allows you to easily make NFTs by uploading your photo and selecting an art style.

2.	NightCafé: This platform allows you to generate several NFTs in bulk. It creates NFT artworks with Artificial Intelligence-based technologies. NinjaFT is an NFT creation program that works on both Android and iOS smartphones. This app allows you to trade directly on the Binance Blockchain. This program allows you to mint, buy, and design NFTs.

3.	NFT Art Generator: This online NFT maker allows you to make NFTs in gif, png, and mp4 formats. Thanks to the software’s simplicity and intuitiveness, the learning curve isn’t too steep. SketchAr is a program that turns digital art into NFT. It chooses the top artists weekly and turns their work into NFT for free.
Each platform has its own user interface and learning curve. If you’re serious about your NFT adventure, getting to know each of these won’t be a problem.

## How to Sell an NFT

Finally, let’s talk about how to actually sell your NFTs on marketplaces like OpenSea now that we’ve covered the subject of creating NFTs.

Interestingly, selling is not as difficult as it appears. Because OpenSea is one of the most often used NFT markets, I’ll walk you through the complete process of selling NFTs on OpenSea.

•	While linking Metamask to OpenSea, sign in using OpenSea and click “Create,” as seen above.

•	You’ll then be led to a website where you may upload your NFT artwork, fill out any required information, and mint your NFT.

•	You’ll need to upload your NFT artwork and give it a name, as shown in the snip above.

•	The external link will be the OpenSea URL for your NFT. The purpose of your NFT description should be to explain why people should buy your NFT.

•	The “Collection” part follows, where you can include or add your NFT to a certain collection name or category.

•	This next step is to choose a Blockchain for your NFT. I’d recommend “Polygon,” a gas-free alternative to Etherium. Simply put, gas fees are the costs incurred by a creator when completing an NFT transaction. In this situation, NFT makers must pay a price to enter their NFTs onto the Blockchain.

Gas costs can be expensive and depressing for artists. However, if you use Polygon as an option, you won’t have to pay a single penny to mint your NFT.

There are a few things to consider if you want to learn how to make an NFT because everyone else seems to be doing it. For example, the cost is a big consideration. In addition, while you can produce NFTs for free on most platforms, selling them may be a different issue. Putting all these together, your NFT is ready to go to the market.



How to Create an NFT for Free

Confused by cryptocurrency tech? You need a Blockchain for Dummies guide.
The way blockchain records data makes it difficult or impossible to hack, change, or cheat the system. The decentralised database, controlled by various participants, is known as Distributed Ledger Technology (DLT). 

It is a distributed digital log of transactions that is duplicated and distributed throughout the blockchain's entire network of computer systems. Every transaction is recorded in every participant's ledger, and each block in the chain comprises numerous transactions. The block of data keeps any information needed, including what, when, who, where, the cost involved, the state of a shipment, and variables such as the temperature.

As an asset proceeds between locations or the owner changes, the respective blocks form a data chain. The blocks confirm the order and time of transactions, and they are firmly tied together to stop any block from being changed or placed between the two current blocks.  

All network participants can access the distributed ledger and its immutable record of transactions. With this shared ledger, transactions are recorded just once, reducing the duplication of effort that is frequent in traditional commercial networks.
Each additional block strengthens the previous block's verification and thus the entire blockchain. This makes the blockchain tamper-evident, providing the critical strength of immutability.  

This removes the risk of bad actor manipulation — and establishes a trustworthy record of transactions for you and other network users.  

No participant may edit or tamper with a transaction after it has been logged into the shared ledger. If a transaction record contains a mistake, a new transaction must be recorded to remedy the issue, and both transactions are then visible.  
This implies that if one block in a chain is altered, it is evident that it has been tampered with. Hackers would need to modify every block in the chain across all distributed copies of the chain to destroy a blockchain system. 

A smart contract is a compilation of rules stored on the blockchain and carried out automatically to quicken the speed of transactions. A smart contract can specify the terms of corporate bond transfers and the payment of travel insurance, among other things. Blockchains are distributed ledger systems that record transactions with an immutable cryptographic signature known as a hash. 

Continuing our blockchain for dummies guide, let us remind you that blockchains are constantly expanding as new blocks are added to the chain, increasing the ledger's security.  

The overarching issue is trust. How can we believe that if someone establishes new money called the Y dollar, they will not award themselves millions of Y dollars or perhaps take your Y dollars? 

It was this issue that [Bitcoin](/coins/btc) was created to address, using a special database known as a blockchain. Most conventional databases, such as SQL databases, have someone in charge who can update the entries. Blockchain is unique because no one is in control; it is run by the individuals who utilise it. Furthermore, Bitcoins cannot be counterfeit, hacked, or double-spent — thus, anyone who holds this money may be confident that it has some worth.  
 
A blockchain network can track orders, payments, accounts, production, and other things. And, since members share a single view of the truth, you can see all the complexities of a transaction, giving you greater confidence as well as new efficiencies and opportunities. 

## Benefits of Blockchain for Dummies? 

Currently, operations frequently waste time and resources on duplicate record keeping and third-party validations. Fraud and cyberattacks can exploit record-keeping systems. A lack of transparency can slow data verification. And since the introduction of IoT, transaction volumes have surged. All of this slows commerce, depletes the bottom line, and suggests that a different method is required. Here comes blockchain.  
 
## Trust  

You may be sure that as a member of a members-only network, you are receiving accurate and timely data, and that your confidential blockchain records will be shared only with members of the network to whom you have authorised access.  
 
## Security  

Because confirmed transactions are permanently stored, all network participants must agree on data veracity. Nobody, not even the system administrator, can erase a transaction. 

## Increased Efficiencies  

Time-consuming record reconciliations are removed with a distributed ledger shared across network participants. A collection of rules, known as a smart contract, may also be placed on the blockchain and implemented automatically to speed up transactions. 

## Types of Blockchain Networks for Dummies
 
### Blockchain public networks  

A public blockchain is one that anybody may join and participate in. Bitcoin is an example. Significant processing power may be required, as well as little or no transaction privacy and inadequate security. These are critical concerns for the application of blockchain in the corporate world.
 
### Blockchain private networks  

Like a public blockchain network, a private blockchain network is a decentralised peer-to-peer network. A single organisation governs the network, controlling who may participate, implements a consensus procedure, and maintains the shared ledger. Depending on the application, this can increase participant trust and confidence. A private blockchain can be hosted on-premises or behind a corporate security system.
 
### Blockchain networks with permissions  

Businesses that create a private blockchain create a permissioned blockchain network. It is worth noting that public blockchain networks may be permissioned as well. This limits who is permitted to join the network and what transactions are made. To participate, you must have an invitation or permission

### Blockchain consortiums  

The upkeep of a blockchain may be shared across many companies. These pre-selected organisations control who may submit transactions and access data. A consortium blockchain is appropriate for business circumstances where all stakeholders must be approved and share ownership of the blockchain.
 
### Blockchain Security for Dummies  

When developing an enterprise blockchain application, it is critical to have a complete security plan that employs cybersecurity frameworks, assurance services, and best practices to decrease the risk of attacks and fraud.  
 
While blockchain technology creates a tamper-proof transaction ledger, blockchain networks are vulnerable to cyberattacks and fraud. Those with malicious intent can exploit known weaknesses in blockchain technology and have been successful in various hacks and frauds throughout the years. Here are a couple of such examples:
 
### Exploitation of code  

Through code exploitation, the Decentralised Autonomous Organisation (DAO), a venture capital fund based on a decentralised blockchain inspired by Bitcoin, was plundered of more than USD 60 million in ether digital currency – almost one-third of its value.
 
### Keys stolen  

The loss of roughly USD 73 million in client Bitcoins from Hong Kong-based [Bitfinex](https://www.bitfinex.com/), one of the world's largest cryptocurrency exchanges, revealed that the currency remains a substantial danger. The reason was the theft of private keys, which are personal digital signatures.
 
### Employee computer hacked 

When Bithumb, one of the major Ethereum and Bitcoin cryptocurrency exchanges, was recently attacked, hackers accessed the data of 30,000 customers and stole USD 870,000 in Bitcoin. Even though it was an employee's PC that was hacked rather than the main servers, the incident prompted concerns about general security.

When creating a private blockchain, ensure it is implemented in a secure, robust architecture. Poorly chosen underlying technology for company goals and operations might expose data to security threats due to vulnerabilities. 
Consider the dangers to business and governance. Financial repercussions, reputational considerations, and regulatory hazards are all examples of business risks. Governance issues stem from the decentralised nature of blockchain systems, which necessitate strict controls over decision criteria, governing policies, identification, and access management. 
 
Understanding and controlling blockchain network risks are important to blockchain security. A blockchain security model comprises the strategy to deploy security to these controls. Create a blockchain security model to verify that all security safeguards for your blockchain solutions are in place. 

Administrators must create a risk model that addresses all business, governance, technological, and process concerns to execute a blockchain solution security model. They must next assess the dangers to the blockchain solution and develop a threat model. Then, administrators must create the security measures that will reduce the risks and threats based on the three categories listed below:  

Implement blockchain-specific security mechanisms.  
Use standard security controls.  
Implement blockchain business controls. 
How Does Blockchain Operate in the Business World?  
Blockchain for business is useful for entities that do transactions with one another. Permissioned users may access the same information simultaneously using distributed ledger technology, improving efficiency, removing friction, and building trust. Blockchain technology can also enable a solution to grow and scale quickly. Many solutions can be customised to do many jobs across sectors.  
 
## What Role Does Blockchain Play in Environmental Protection?  

Blockchain technology may enable new change models, expand knowledge, and assist social groups in creating common systems of record that meet the needs of corporate donors. Blockchain guarantees that production processes and environmental effects may be recorded, audited, and reported. 

So, to summarise for dummies, blockchain technology enables operational, regulatory, increased visibility, and traceability verification efficiencies. This technology also functions as a robust database that can be readily coupled with big data. Blockchain has the potential to reduce costs and make many services more competitive.
 
 
 



Blockchain for Dummies: The Tech Explained

The Crypto Valley in Zug, Switzerland, is quickly becoming the global hub for blockchain innovation. With its favourable business environment and forward-thinking regulators, the Crypto Valley has become a magnet for crypto start-ups and investors alike.

Here, we explore why the Crypto Valley is so attractive to crypto businesses and what makes it stand out from other crypto hotspots worldwide.

## What Is the Crypto Valley and What Makes It so Special for Blockchain Innovation?

The Crypto Valley is a nickname for the Canton of Zug in Switzerland, a small town that has been a haven for crypto and blockchain innovation since the early days of [Bitcoin](/coins/btc). The crypto valley is home to many crypto and blockchain start-ups and a number of major crypto exchanges.

What makes the Crypto Valley so special is its supportive regulatory environment. The Swiss government has welcomed crypto and blockchain innovation and has created a supportive regulatory framework.

This has made the Crypto Valley a hotbed of innovation and has attracted many talented developers and entrepreneurs to the area. The Crypto Valley is also home to several major crypto conferences attended by leading figures in the crypto world. This makes the Crypto Valley a very special place for blockchain innovation.

## Who are Some of the Key Players in the Crypto Valley?

The Crypto Valley is home to a number of key players in the crypto space, including the Ethereum Foundation, [ShapeShift](https://shapeshift.com/), and Bitcoin Suisse.

These organisations are made up of experts in the fields of blockchain technology, cryptography, and economics. Together, they provide the infrastructure and support that helps to drive innovation in the crypto space.
In addition to these organisations, there are also several important individuals who contribute to the development of the Crypto Valley ecosystem. These include Maximilian Walsh, who founded the Bitcoin Association Switzerland; Ralf Sasse, who heads up the Ethereum Foundation's research arm; and Reto Trinkler, the co-founder of Melonport AG.

Together, these individuals have helped make the Crypto Valley one of the most important centres for blockchain and crypto innovation globally.

## What Notable Projects Have Come Out of the Crypto Valley So Far?

Notable projects that have come out of the Crypto Calley include the Ethereum Foundation, The Swiss Blockchain Federation, and The Crypto Valley Association.

These organisations are working to promote blockchain technology and crypto-assets, and to foster an environment that is conducive to innovation and entrepreneurship. In addition to these organisations, there are also a number of start-ups and scale-ups based in the Crypto Valley.

Some of these companies include Xapo, ShapeShift, and bitFlyer. These companies are working on various innovative projects, ranging from storage solutions for digital assets to decentralised exchanges.

The Crypto Valley is quickly becoming a leading destination for blockchain and crypto-related activity. It is poised to make a significant impact on the industry in the years to come.

## How Does Zug's Regulatory Environment Support Blockchain Innovation?

The regulatory environment in Zug is very supportive of innovation, providing a light-touch framework that allows businesses to experiment and scale quickly.
However, this can also present challenges for businesses, as the lack of clarity around regulations can make navigating the legal landscape difficult.

Nevertheless, the Crypto Valley is a hotbed of innovation, and businesses operating in the area are ideally positioned to take advantage of the blockchain technology opportunities presented.

## What Is Likely to Happen in the Crypto Valley?

The Crypto Valley is likely to continue to shape blockchain innovation worldwide. It is home to many of the world's leading blockchain and crypto companies, and it is also a major hub for start-ups and ICOs.
The Crypto Valley is also home to several world-class research institutes and universities, making it an ideal environment for developing new blockchain technologies.

In addition, the Crypto Valley has a highly developed infrastructure and a supportive regulatory environment. These factors all make the Crypto Valley an attractive destination for blockchain companies and developers.
As a result, it is likely to continue to be a significant force in shaping the future of blockchain innovation around the world.


Crypto Valley: Hub for Blockchain

Do you like to play games? Metaverse games are a new and unique way to make money. They involve interaction with other players in one virtual world, making the experience more fun and engaging. You can also promote your brands according to your terms in these games.

Many companies have turned their attention towards metaverse games following Facebook's re-brand to "Meta." This means that top metaverse games will rise in prominence in the coming years. To be part of the cutting edge of gaming, don't miss out on this incredible opportunity - get started now!

## Famous Play to Earn Metaverse Games

Those seeking ways to make some serious cash might want to think about getting in on the Play-to-Earn revolution. With this brand-new business model, you can use non-fungible tokens, cryptocurrencies, and other blockchain technologies to generate real-world value from in-game goods and other digital products.
Here are some popular P2E games:

## [Axie Infinity](https://axieinfinity.com/)

There are now many games where users can earn real money. Axie Infinity is one of the most popular games in this category, and it's easy to see why.
Based on the popular Pokémon franchise, Axie Infinity allows users to breed, race, and trade their pets, called "Axies," for money or SLPs. What's more, the game is NFT-based, meaning that it supports [Ethereum](/coins/eth)-based cryptocurrencies as payment methods.
If you're looking to make some money in the Metaverse, check out Axie Infinity. Who knows, you might just hit the jackpot!

### Features

Adventurous: You must fight with chimera and gather important treasures to go further in this action-packed game. This will be useful when it comes to improving your army.
Become a legend: If you want to be legendary in PvP battle, you will need to be able to defend yourself against difficult opponents.
Breeding: You can create a new ultimate offspring by crossing your axies.

## Alien Worlds

If you're looking for a metaverse game that'll take you to another world, look no further than Alien Worlds. This game consists of seven planets that reproduce a digital facsimile of Earth. Each has its unique economy based on Trillium (TLM) game tokens. The game is available for free on the Steam platform, so you can explore all it offers without breaking the bank. You can stake Trillium on planets to cast votes in upcoming elections or increase the prize pool. In addition, you can participate in weekly council elections, make proposals for how planetary money should be divided, and even run for positions on the planetary council yourself.

And if you're looking for an out-of-this-world metaverse game experience, check out Alien Worlds.

### Features

Metaverse Art Space: You can produce games, music, artwork, and stories here.
You can use the Metaverse to establish your community. Share activities, objectives, or experiences with your fellow travelers on the Metaverse.
Explore: You can hire a spacecraft and explore the Metaverse here.

## Splinterlands

Metaverse games like Splinterlands are becoming increasingly popular as they offer a unique and immersive gaming experience. In Splinterlands, players take on the role of summoners, battling it out with fantastical creatures in various exotic locations.

The game features an innovative card-based combat system. It offers players a wide range of customisation options to create their perfect teams. With its engaging gameplay and rich metaverse setting, Splinterlands is quickly becoming one of the most popular metaverse games on the market.

Splinterlands is one of the play-to-earn Metaverse games, making it a more enjoyable experience.
The gamers can buy, sell, and trade their digital assets just as easily as if they were physical cards in this section. Overall, the game is a fun and unique way to metaversing!

### Features

Swift Transactions: In Splinterlands, transactions are quick, and the expenses are low.
Become a critical thinker: Splinterlands is all about maximizing your chances of winning and constructing the finest team possible by devising the most effective methods in your favor.
Transparency: Users may examine and verify the history of each card in Splinterlands and how many distinct kinds of each card are or will be available in the future.

## Conclusion

Whether you're a gamer looking to make extra cash or a businessperson searching for new marketing opportunities, metaverse games offer many potentials. With the continued growth of the virtual and augmented reality markets, more and more businesses will likely begin experimenting with game-based marketing campaigns.
So far, we've seen some great successes from games like Axie Infinity, Alien Worlds, and Splinterlands.
If you're looking for ways to reach new customers and increase sales, metaverse gaming may be just what you need.


Metaverse Games To Make Money: A Guide

Why did the share price of NFT Investments go into decline?

British blockchain company [NFT Investments Plc](https://www.nftinvest.pro/) recently announced it was withdrawing its £96 million offer to acquire Pluto Digital. This resulted in the fall of the NFT Investments share price.
The company, which specialises in investing in non-fungible tokens (NFTs),  decided to pull out, claiming, however, that the reasons were not of a financial nature.

 “The company is well-positioned to take advantage of the recent market correction in the blockchain and digital assets sectors by investing at attractive valuations,” the company’s CEO Jonathan Bixby stated.

When talking about NFTs, we are referring to a digital asset that denotes real-world objects such as music, fan memorabilia, sports, art, in-game items, and videos. They are traded online, paid for with cryptocurrency, and generally encoded with the same underlying software as many cryptos.

## Focusing on Building Global Metaverse Company

On 24 January 2022, the company signed a non-binding letter of intent for the proposed acquisition. Its shares were then suspended from trading while waiting for the negotiations to be done.
The company then said it intends to build a world-important metaverse company with this acquisition and boost NFT investments within the non-fungible tokens sector as the Pluto Ventures division has heavily contributed to NFT gaming.

In the meantime, from November to March, the whole blockchain sector went through a month-long bear market, with a total market cap falling more than 40% from its record.

After the company said, in April, that it would not continue with the buy-out, it returned to active market trading. That resulted in NFT Investments' share price (NFT.PL) immediately plunging from 2.4 to 1.75 on the Aquis Stock Exchange. During the last year, NFT Investments' share price has been traded from 2.275, reaching a record of 3.6, and then turning south to 1.325. At the time of writing, the price stood at 1.45.

The company has a market capitalisation of £14 million and around 1,003 million issued shares.

## Still Optimistic on Blockchain

Bixby, however, claims he still feels optimistic about the blockchain industry, especially the NFT sector that, in his words, “continues to show strong growth”.

“Despite volatile market conditions, we secured a stake in seven companies that have high growth potential and are equipped to make an impact on the blockchain sector," he said, hinting that maybe the whole story on possible further acquisitions ain’t over.

 "The NFT sector continues to show strong growth and we have a cash-rich balance sheet to take advantage of new investment opportunities to generate long-term value for shareholders and deliver a sustained increase in net asset value, which currently amounts to 3.43p per share," he added.

The company definitely did its best in only one business year. It raised £35 million before expenses through a flotation on the Aquis Stock Exchange Growth Market.
After that, it invested approximately £5.8 million in seven media start-ups and technology businesses engaged in NFTs and cryptocurrencies.

The company also gained around £1.73 million from the acquisition of NFT gaming company Kodoku Studios Ltd.
The truth is, as the metaverse grows, uses for NFTs will grow as well. Backed by blockchain, NFTs offer immutable records of originality, uniqueness, and ownership that may prove better than old methods.

The shares of the companies investing in the NFT sector will probably rise in the long-term since these companies have a bigger exposure to the whole sector, enabling equity investors to speculate on the sector's growth.


NFT Investments' Share Price Waits for the Right Moment

NFT marketplaces brings back 6.39 million results when searched for on Google. This means that you are not alone in looking for the best NFT marketplaces for 2022.

You continue to come across news of people buying digital cats, apes, in-game designs, and digital art for millions of dollars. It usually surprises you, since art pieces were typically purchased at auctions from well-known galleries across the globe. You may have asked countless times where people keep getting these digital collectibles. Do not worry, Moni Talks has got you covered when it comes to the best NFT marketplaces to buy digital arts that suit your investment preferences.

Since the second half of 2020, non-fungible tokens (NFTs) have sailed on. Many traditional investors, and cryptocurrency holders, are doing everything in their capacity to own and speculate on these blockchain-based assets that are verifiable, indestructible, indivisible, and non-interoperable.

NFTs are digital tokens representing ownership of an asset that is scarce, whether a digital or physical item. Some of these items include real estate, in-game items, collectibles, soundtrack, and artwork.

Unlike cryptocurrencies such as Bitcoin (BTC), ApeCoin (APE), and [Ether (ETH)](/coins/eth), or fiat currencies such as the United States Dollar (USD), Euro, and the Great Britain Pound (GBP), these tokens cannot be exchanged for another.

This is because they come with unique attributes and traits that can be verified but do not have the divisibility of cryptocurrencies or fiat money.

Moreover, unlike digital assets, NFTs cannot be bought on exchanges (centralised and decentralised). Instead, you can find them on specially built online marketplaces.

## What are NFT Marketplaces? 

NFT Marketplaces are platforms where digital collectibles can be displayed, stored, traded, and minted in some cases. These marketplaces are to NFTs what exchanges are to cryptocurrencies and e-commerce websites such as Amazon and eBay are to goods and services.

To be eligible to partake in the activities of these marketplaces, you need to meet the following requirements.

Firstly, you must have a crypto wallet. There are several crypto wallets out there. You should also note that there are several NFT blockchains in the market, as of May 2022. Therefore, the onus falls on you to find a wallet that can access the blockchain network of the NFTs you wish to purchase.

A great example can be attributed to planning to buy or sell NFTs on the blockchain technology of Ethereum. You'll need a wallet like [MetaMask](https://metamask.io/) since it facilitates access to the Ethereum Network. In the same way, should you choose to buy or sell NFTs on other blockchains, you need to find wallets that grant access to those networks.

Secondly, you must have a certain amount of coins in the wallet. You cannot buy cryptocurrencies without fiat or other coins as deposits. In line with the same requirements, you need to deposit coins in your wallet before you can buy, sell, or mint a non-fungible token. More importantly, you will have to check the kind of cryptocurrencies supported by your preferred NFT marketplace before settling on a particular platform.

Lastly, you need to create an account. If you want to buy cryptocurrencies, you must create an account on exchanges that support a particular token. Inferring from the same activities you perform in the crypto space, you need to register for an account on the NFT marketplace of your preference.

In the crypto finance space, you can never do away with fees.

The same holds for listing and creating NFTs. You have to pay a blockchain network fee. There is a not a one-size-fits-all approach and, as a result, you should know your fee is dependent on the blockchain you use for your NFTs. Ethereum has the lion's share of NFT dApps, but it has relatively higher fees than other NFT blockchains.

## What are some of the NFT Blockchain Options?     

Ethereum is the most popular blockchain for decentralized finance (DeFi). Vitalik Buterin’s innovation has the largest blockchain by NFT sales volume. As of May 3, 2022, the total NFT sales volume generated by Ethereum was around $24.99 billion, per data retrieved from CryptoSlam.

This makes Ethereum the most popular chain to buy, sell, and create unique digital collectibles.

Aside from Ethereum, competing NFT blockchains include but are not limited to; Solana, TRON, Polygon, Flow (by Dapper Labs), Polkadot, Algorand, Avalanche, Ronin, BSC, WAX, EOS, Cosmos, Hedera Hashgraph, Cronos, Palm, Arbitrum, Panini, Tezos, Waves, and Fantom.

Interoperability is the hallmark of most of these blockchain systems. For example, you can use ERC20 tokens (Ethereum-based tokens) such as the United States Dollar Tether (USDT), the United States Dollar Coin (USDC), and Binance Coin (BNB), DAI, and others to buy Ethereum-based-non-fungible tokens.

On the other hand, blockchains such as Flow are not interoperable. You can only buy NBA TopShot NFTs with the native asset of the Flow ecosystem, FLOW.

## How Do These Marketplaces Work?

### Register for an Account 

Although there are slight differences when signing up for an account on an NFT marketplace, the main steps are similar.

It involves creating an account and connecting a supported wallet address to your preferred NFT marketplace.

Usually, you can find the "sign up" button at the top right-hand side of the homepage of an NFT marketplace.

Since you know the importance of holding onto your private keys and your passwords, you will be asked to input secret details of your wallet. Once done, your account will be fully set up.

### Buying a Non-Fungible Token 

There are several ways of buying an NFT. You can buy a digital collectible directly at a fixed price. What's more, you can buy an NFT through an auction. In some instances, owners of an NFT are open to negotiating the price of their digital collectibles.

### Selling a Non-Fungible Token 

Selling unique collectibles is more complicated than buying them. Selling NFTs is easy if you are reselling previously purchased items. Unfortunately, if you are selling something you have created, you need to go through a lengthy process.

•	Firstly, you have to upload an image of the digital art, tweet, or soundtrack onto your preferred NFT marketplace. Then you enter a fixed price for the NFT or entice buyers to battle for the piece through an action.
•	Secondly, verification of the NFT is done by the platform. If this is approved, the digital collectible will be listed for sale.
•	Lastly, once a seller accepts a bid for the NFT, the marketplace oversees the completion of the item's transfer from the buyer to the seller.

### Minting a Non-Fungible Token 

Ethereum is the best place to start if you are considering minting NFTs. You'll need an Ethereum wallet like Coinbase Wallet, TrustWallet, or MetaMask that supports Ethereum's token standard for NFTs.

Minting NFTs come at a cost. Therefore, you should have at least $50 in your wallet to cover Ethereum gas fees.
Once you have this, you can access NFT Marketplaces such as Mintable, Rarible, or OpenSea. A "Create Button" is typically found on the top right corner of most platforms.

Once you click on that button, you will be taken to a page where you can begin minting NFTs.

## What are some of the best NFT Marketplaces? 

There are several types of NFT marketplaces. Art-oriented and universal platforms dominate this market. Others, such as niche NFT marketplaces that list virtual real estate, digital collectible cards, and in-game items, are also preferred by millions of people.

Let us look at five of the most popular NFT marketplaces in addition to other honorable mentions.

•	OpenSea: • Launched on December 20, 2017, OpenSea is an online p2p marketplace where NFTs in the form of digital arts, in-game items, and other products can be bought and sold. As one of the most established universal NFT marketplaces, you can find domain names, virtual worlds, sports collectibles, and trading cards. It is the largest NFT marketplace by trading volume.
•	LooksRare: • Launched in January 2022, LooksRare has given strong competition to OpenSea. When you consider data from Dune Analytics, this NFT marketplace recorded more than $800 million in a single week in April. Having spent four months as a platform for buying and selling NFTs, Otherdeed, Bored Ape Yacht Club, and Mutant Ape Yacht Club are the top collections on Looksrare.
•	Foundation: • Founded in February 2021, Foundation has become the go-to NFT marketplace for several creators. This is the playground for collectors, curators, and artists to experience the new way of buying, selling, and minting digital collectibles. Some of the top-selling Foundation (FND) NFTs include Carpoolers, At World’s End, Lucid Journey, Faced Fears, and Arrived.
•	Rarible: • Launched in 2020, Rarible is one of the most patronized NFT marketplaces in the crypto stratosphere today. Data retrieved from Dune Analytics shows that Rarible trails only OpenSea, LooksRare, and Larva Labs in weekly volume. It is an NFT marketplace where millions of people create, sell, and collect digital items. It is one of the few NFT marketplaces controlled by community members through their ownership of RARI tokens. Some of the top collections include but are not limited to CyberBrokers, CloneX, Mutant Ape Yacht Club, Bored Ape Yacht Club, Invisible Friends, Dippies, Azuki, and Dour Darcels.
•	Nifty Gateway: • Founded in 2018, Nifty Gateway is one of the largest NFT marketplaces. This platform holds the record for the most expensive digital collection ever sold. For $69 million, Beeple sold its collection labeled Everydays: The First 5000 Days. Beeple also sold Crossroad for $6.6 million on this platform. Other best-selling digital collectibles include Tpunks and CryptoPunks.

## NFT Marketplaces: Honorable Mentions

Although the NFT marketplaces already mentioned are some of the best platforms to buy digital collectibles, they are not the only ones. Others, such as SuperRare, Larva Labs, GameStop, NFT Launchpad, Crypto.com, DraftKings, and WAX, have great collections.
 
## What are some of the best NFT art collections? 

Once you settle on the best NFT marketplace that can oversee your activities, you have to find an NFT collection to invest in.
Although there are hundreds of collections in the market today, Moni Talks would like to draw your attention to the top five NFT collectibles by all-time sales volume.

•	Axie Infinity: • This NFT marketplace hosts in-game characters from the play-to-earn game called Axie Infinity. On the platform, players earn rewards by breeding, battling, and trading digital pets called Axies. Axie Infinity’s game has become a source of passive income for millions of people. As of May 2022, Axie Infinity has surpassed more than $4 billion in sales volume.
•	CryptoPunks: • This is a collection of 10,000 unique punks. Each CryptoPunk is different and can be officially owned by a single person. It is one of the highest-selling digital collectibles. Overall, CryptoPunks has surpassed more than $2 billion in sales volume.
•	Bored Ape Yacht Club: • Mirroring CryptoPunks and other projects that came before it, BAYC comprises 10,000 unique bored apes. They come in the same template but have different accessories. BAYC is the third-highest selling NFT collectible with more than $2 billion in sales.
•	Mutant Ape Yacht Club: • Mutant Ape Yacht Club (MAYC) is the sister project of BAYC. As of the most patronized digital collectibles, it is the fourth-highest selling NFT with more than $1 billion in sales volume.
•	Art Blocks: • As a unique platform, this project helps you pick a theme or style you like and make payments. Then, a random generation version of your selected style will be created by an Art Block algorithm which will be forwarded to your Ethereum account. Millions of people have taken advantage of this technology. As of writing, Art Blocks as an NFT collection had more than $1.2 billion in sales.

Others deserving of honorable mentions include NBA Top Shot, Azuki, The Sandbox, Meebits, World of Women, Decentraland, Valuables, and Sorare.
 
 



NFT Art Marketplaces: A Beginners Guide

A decentralised blockchain DNS server is a system that registers, manages, and resolves domain names on the blockchain.

The server works like a conventional DNS server with one major difference, decentralisation. Decentralisation enables blockchain servers to work without the inconveniences of conventional DNS servers, which include intermediary interferences and control.
Conventional DNS Server

The conventional DNS server works like a public directory stored on a network of computer servers. It translates domain names, humanly understandable addresses, into IP addresses, which are understandable by machines.

The problem with conventional DNS servers is their centralised nature. Data from the servers are distributed worldwide but are managed by different organisations hierarchically. There is the first level, also known as the root level, managed by registries, and the second level, which registrars operate.

Big names like Google, [Amazon](https://www.amazon.com/), GoDaddy, NameCheap, and Cloudflare currently dominate the domain registration space. They register and rent domain names to users in a centralized manner that is neither private nor democratized. The services can choose at any time to delete or remove a customer’s domain. Their centralized nature also leaves them vulnerable to cyber-attacks like hacking.

## How a decentralised blockchain DNS server works

A decentralised blockchain DNS server relies on blockchain technology for the security and privacy of users’ data.

Blockchain operates as a data structure distributed through a decentralised network. The technology lives on nodes, computers run by participants on the network. It features no central authority.

Once on the blockchain, data is encrypted and stored immutably. It is also time-stamped for easy auditing. Tampering or deleting data on the blockchain is an impossible task for many hackers.

The decentralised nature of blockchain makes it hard for powerful entities like governments to influence the use and regulations of decentralised blockchain DNS servers.

## Qualities of decentralized blockchain DNS servers

•	Availability: A decentralised blockchain DNS server suffers no downtime. It is available 24/7 for the benefit of users.
•	Integrity: Blockchain ensures decentralised blockchain DNS servers are incorruptible. Data stored on the servers is always secure from corruption, modification, or deletion. 

•	Confidentiality: Encryption ensures users' data on decentralised blockchain DNS servers is only accessible to users and those they wish to share it with. No one, government, company, or organisation, can access users' data.

## Conventional DNS servers vs Blockchain DNS servers

How blockchain DNS servers can solve some of the problems plaguing conventional DNS servers

Conventional DNS servers are controlled by a few organizations, governments, and companies. These third parties have the power to control internet services. They can censor and block internet usage. Companies that register and rent domain names can at any time delete or remove customers' domains.

Blockchain DNS servers work without the need for intermediaries. Users of the servers don't have to worry about internet censorship or blockage. Domain name holders don’t have to worry about losing their domain names at any moment and without any apparent reasons why.
The centralised nature of conventional DNS servers leaves them vulnerable to cyber-attacks and corruption. Hackers only need to hijack a few servers or corrupt a few controls to compromise the systems.

Blockchain DNS servers function without a single point of failure vulnerability. The system operates on a decentralized network that is almost impossible to hack. Its immutability nature means data cannot be corrupted once on the network.

Conventional DNS servers are not privacy-focused. Data from the servers can be tracked and collected to be sold for advertisement purposes.
Blockchain DNS servers are highly encrypted for privacy. Only those with access to a blockchain network can view and modify data. There is no tracking or collecting of users' data on a blockchain DNS server.

Conventional DNS servers are also susceptible to downtimes when one component of the whole is not working as the resources are hierarchical.

Blockchain DNS servers work without the possibility of inconvenient downtimes. The servers don't operate based on a hierarchical structure. They operate on nodes that are unlikely to suffer a downtime simultaneously.

## Types of Blockchain DNS

Blockchain DNS is available as a browser extension or stand-alone software. Some of the browser extensions used to access blockchain domains include FriGate, Blockchain DNS, and PeerName. FriGate is designed for Google Chrome, while Blockchain DNS is designed for Firefox. PeerName is available for Chrome, Firefox, and Opera.

Popular Blockchain DNS software includes Namecoin, Blockstack, HandShake, Emercoin, Stack, Alaoha blockchain DNS, and Unstoppable Domains.

## Final word

Decentralised blockchain DNS servers offer internet users a better way to register, manage, and resolve domain names. Thanks to blockchain technology, DNS files become harder to modify, delete, or corrupt. The files are also protected against censorship by governments.

Decentralised blockchain DNS servers may not be as popular as conventional DNS servers, but they offer many benefits that make them worth it.

More [Learning resources](/articles/learn-moni).


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