Author: Samuel Attah

There are different types and use cases of cryptocurrencies. Over the years, there have been several innovations in the crypto ecosystem. Even now, there’s still room for new ideas as Blockchain technology is still emerging. One of the best things to happen to crypto is deflanatory tokens and defamatory mechanisms. What are deflationary tokens? Deflationary tokens are tokens that reduce supply over time. Such tokens usually have a plan or method of reducing supply that is publicly known. Such a plan to reduce a token’s supply over time is called a deflationary mechanism. How is a token’s…

The notion of security in the blockchain space has been subject to a lot of doubt in recent times, doubt which has been fuelled by the high number of hacks and attacks that have taken place in the crypto space in 2022. The crypto space in 2022 has been riddled with different forms of attacks that have led to the loss of a significant amount of funds by the attacked firms or industries. As reported by chainalysis, in the first quarter of 2022, hackers carted away over $1.3 billion from exchanges, platforms, and private entities with a significant number of…

Whitelists provide you with secured access to purchasing NFTs at a cheap rate. You may have heard of individuals flipping NFTs for immense profits. The key to maximising your flip is to shop for low and sell high. Within the NFT house, one among the most effective ways in which to shop for low cost is to buy or mint the NFT as soon as it is released or dropped on the project’s website to avoid price hikes after it reaches secondary marketplaces. Here are the basic steps to get yourself on whitelist: 1. Identify an honest project early A…

Luna The crypto market has been in a consistent bearish mode for the past few months. Lots of investors have lost a significant amount of their holdings due to this bearish market. We’ve seen BTC plunging to its lowest point since 2020. This is after the most recent highlight of this bearish market, LUNA. LUNA fell from Its all-time high of US$119 and at the time of this writing, it’s at US$0.0001346. This is regarded and termed as one of the greatest liquidations of all time. According to Coinmarketcap, the entire crypto market has a market capitalization of $1.2 trillion,…

According to a United Nations report, the internet is a basic need. However, only 18% of Africans have access to it. As stated earlier, access to the internet in Africa is low and sub-optimal. The following reasons can be linked to the causes. Penetration To make the internet available in a particular rural area, there is a need to build telecom masts where there is a high connection rate. It could take decades and a huge amount of money to do this in every nook and cranny of most African countries. This limits internet connection in most rural communities. Current…

The hours in February 23rd to 25th have been quite eventful in the crypto space. In the wake of the Russia-Ukraine Crisis, Bitcoin price dipped well below $35,000 with analysts and crypto enthusiasts fearing it could hit as low as $30,000. Following the attack on Ukraine by Russia’s President, Vladimir Putin, cryptocurrencies suffered loss of strength with major indicator, Bitcoin falling to $34,626, a far cry from its $39,000 stance just a day before. However, the crypto market has bounced back quite well as most indexes are now green. During the time of writing this article, Bitcoin was trading at…

In concept, NFT renting is as simple as its name suggests. Individuals who do not own a particular NFT, but would either like to use it or experience it for a limited time, may go out to a relevant platform that supports NFT rentals, and rent it. The NFT rental industry will open up access to individuals who would like to experience a specific NFT which they cannot otherwise afford. This is similar to renting a race car for a day, other than having to pay half a million dollars to get one for yourself.  By enabling NFT lending and…

In the spirit of catching them young, the Africa Blockchain Institute organized the first-ever Blockchain Summer Bootcamp for teenagers (age range 13 to 19 years old). A successful Bootcamp, according to the participants’ testimonials and stakeholders, held at the OpenLabs, Ring Road, Accra Ghana, between Monday 2nd August, and Friday 6th August 2021.  The teenagers applied from across Africa, and selected participants all converged at the OpenLabs, Ghana, for an intensive five days of learning, interacting, and implementing personal  Blockchain projects. The participants were divided into three significant tracks, thus; Blockchain Development, Blockchain for Creatives and Blockchain Entrepreneurship.  Blockchain Summer…

Image Credit: Africa Blockchain Institute (ABI) The 2021 edition of the Africa Blockchain Hackathon, a brainchild of the Africa Blockchain Institute (ABI) is ready for take-off. The initiative was created to allow young professionals, tech enthusiasts, students and policymakers amongst others to gain exposure to the opportunity of Blockchain/DLT Digital Innovations through mentorship, career and business opportunities. The Hackathon Program is a product of the partnership with FreeTON Africa (Sub Governance). The Hackathon provides a controlled, structural and sustainable mentorship model as well as a community to nurture and empower developers with potential towards building DLT and blockchain solutions. Registration…

As one of its action plans for accelerating blockchain adoption on the African continent, Jelurida Africa has launched a blockchain-backed certificate-issuing platform called MyDigiCert. The platform allows issuers to store certificates on the blockchain, and equally give requisite access to intended recipients of the certificate(s). MyDigiCert equally provides an option for certificates to be verified on the blockchain through the use of a unique hash which would be allotted to each certificate that is duly issued by the platform. According to the Managing Director of Jelurida Africa, Adedayo Adedajo, MyDigiCert was primarily created in a bid to curb the widespread…