Coinbase, a leading cryptocurrency exchange, has made a significant stride in the blockchain space with the launch of its Layer-2 network, Base. This innovative platform is designed to enhance the scalability and security of Ethereum, the second-largest cryptocurrency network. What is Coinbase Base? Coinbase Base is a Layer-2 network developed by Coinbase, designed to enhance… Continue reading How to Trade on Base: Coinbase’s L2 Network
Category: Blockchain
Islamic Tokenisation: Unlocking Real-World Assets on the Blockchain
Islamic tokenisation is a novel concept that combines the principles of Islamic finance with the innovative technology of blockchain. This process involves the digital representation of real-world assets on a blockchain in a manner that complies with Shariah law. For example, a real estate property could be tokenised into several digital tokens, each representing a… Continue reading Islamic Tokenisation: Unlocking Real-World Assets on the Blockchain
What is Cryptocurrency: A Comprehensive Guide to Digital Currency
What is Cryptocurrency? Cryptocurrency is a type of digital or virtual currency that uses cryptography for security. Unlike traditional currencies issued by central banks, cryptocurrencies are decentralised and operate on technology called blockchain, which is a distributed ledger enforced by a network of computers, also known as nodes. The purpose of cryptocurrency is to provide… Continue reading What is Cryptocurrency: A Comprehensive Guide to Digital Currency
Evaluating Initial Exchange Offerings (IEOs) from an Islamic Perspective
In the rapidly evolving world of blockchain and cryptocurrency, Initial Exchange Offerings (IEOs) have emerged as a popular method for startups to raise funds. As with any financial activity, Muslims are keen to understand the Islamic perspective on participating in IEOs. This article aims to provide an overview of IEOs and discuss their compatibility with… Continue reading Evaluating Initial Exchange Offerings (IEOs) from an Islamic Perspective
What are Layer 1 Blockchains? A Comprehensive Overview of the Top Layer 1 Protocols
Blockchain technology has witnessed rapid development in recent years, leading to the emergence of various layer 1 blockchains. Layer 1 refers to the foundational layer of a blockchain network, responsible for consensus, transaction validation, and overall security. In this article, we will explore the concept of layer 1 blockchains and provide a concise overview of… Continue reading What are Layer 1 Blockchains? A Comprehensive Overview of the Top Layer 1 Protocols
Understanding Bitcoin Halving: A Key Event in Cryptocurrency
What is Bitcoin Halving? Bitcoin halving, sometimes referred to as ‘halvening’, is a significant event in the Bitcoin network where the reward for mining Bitcoin transactions is cut in half. This event is hard-coded into Bitcoin’s DNA and is a crucial part of its deflationary nature. The Frequency of Bitcoin Halving Bitcoin halving is not… Continue reading Understanding Bitcoin Halving: A Key Event in Cryptocurrency
What is Bitcoin?
Bitcoin is a decentralised digital currency that was created in 2009 by an unknown individual or group of individuals under the pseudonym “Satoshi Nakamoto.” It is based on a peer-to-peer network, meaning that transactions are directly between users without the need for a central authority or intermediary. One of the main features of Bitcoin is… Continue reading What is Bitcoin?