About Bitcoin in General

Cryptocurrency is a digital payment system in which banks are not involved in verifying transactions. It is a peer-to-peer system that allows any user, anywhere, to send and receive payments. Cryptocurrency payments exist solely in digital form in an online database describing specific transactions. They do not involve transactions with physical money, which has the ability to circulate and exchange in the real world. When funds are transferred in cryptocurrency, the transactions are recorded in a public registry. Cryptocurrency is stored in digital wallets.

The term Cryptocurrency came into use because encryption (cryptography) is used to verify transactions: advanced encryption is used to store and transmit cryptocurrency data between wallets and to public registries. The purpose of encryption is to ensure reliability and security.

Unfounded Blockchain Myths

Anonymity and openness of the blockchain is a good thing

Blockchain is open, everyone can see everything. So Bitcoin has no anonymity, it has “pseudonymity. For example, if an attacker demands a ransom for aView More

Miners keep the network secure

You’ve probably heard about the miners, the giant mining farms that are built next to power plants. What do they do? They waste 10 minutesView More

Blockchain is efficient and scalable, conventional money will die out

Quote #3: “The combination of “blockchain technology + personal body connectome” will allow all human thoughts to be encoded and made available in a standardizedView More

Blockchain is a gigantic distributed computer

If you haven’t been exposed to the principles of blockchain, but have only heard reviews of the technology, you might be under the impression thatView More

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Some helpful information about The Metaverse

Inspired by the example of Walt Disney, who controlled all of his intellectual property, Superplastic founder Paul Budnitz creates characters in the meta universe and gets royalties for featuring the characters he created in movies that haven’t even been made.

Superplastic founder Paul Budnitz has spent the last five years on the shores of Lake Champlain, where he and a team of designers have created digital characters and complex storylines that should attract millions of fans – and, if all goes well, billions of dollars – in entertainment, music, fashion, NFT and cryptocurrency in the nascent Web3 world.

In the near future, the developers of meta-villages intend to facilitate the use of meta-villages and abandon cumbersome and expensive equipment in favor of cheaper and more compact virtual reality glasses.

It should also be noted that the development of meta-villages attracts the attention of regulatory bodies, both from global organizations, such as the European Union, and local regulators. As the sector develops, controls over users and businesses will increase in order to protect the rights and interests of participants in the meta-world.

The virtual reality industry has grown to nearly 150 digital worlds at the end of Q4 2022, researchers found.

The volume of virtual worlds at the end of the IV quarter of 2022 was 148 pieces. It is reported by analysts of consulting firm Metaversed.

According to researchers’ calculations, the most users still remain on the projects model Web2. For example, the largest virtual world is fixed in the game-meta universe Roblox, which accounts for about 202 million active players on a monthly basis.

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