Decentralization | Coinbackyard

USDS stablecoin controversy over freeze function and decentralization.

Maker’s Controversial New Stablecoin: USDS and the Freeze Function

August 31, 2024 • Cryptocurrency • Leave a Comment

Decentralized finance (DeFi) project Maker, now rebranded as Sky, recently announced the launch of its new stablecoin, USDS. The rebranding and the introduction of USDS have sparked significant debate within the DeFi community. Source: https://techreport.com/crypto-news/skys-new-stablecoin-usds-freeze-function-causes-backlash/ What is USDS? USDS is […]

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Former President Donald Trump speaking at a rally, emphasizing his support for the Bitcoin community and domestic mining industry.

Trump Appeals to Miners: Is Crypto’s Political Neutrality Possible?

June 13, 2024 • Cryptocurrency • Leave a Comment

Former President Donald Trump recently made a call to action for the Bitcoin community. He suggested a domestic Bitcoin mining industry within the United States. He says that asserting this move would contribute to the country’s energy independence. Additionally, it

Trump Appeals to Miners: Is Crypto’s Political Neutrality Possible? Read More »

Blockchain vs. Database comparison chart.

Can You Spot the Difference? Database VS Blockchain

April 6, 2024 • Blockchain • Leave a Comment

Digital storage and management are broad aspects of the digital world. There are some differences between a database and a blockchain, and they might be subtle. However, for people who are into the digital world and blockchain technologies, these are

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Ethereum staking decentralization concept art.

Vitalik Buterin’s New Plan: Decentralize Ethereum Staking

March 28, 2024 • Cryptocurrency • Leave a Comment

Ethereum co-founder Vitalik Buterin has put forward a proposal aimed at enhancing the decentralization of Ethereum by addressing correlated failures among validators. Vitalik Buterin proposes measures to enhance Ethereum’s decentralization by tackling correlated failures among validators Buterin suggests penalizing validators

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Ethereum vs Solana comparison chart showing transaction speed, decentralization levels, and ecosystem growth.

Ethereum, Solana, and the Blockchain Evolution

March 5, 2024 • Blockchain • Leave a Comment

Ethereum (ETH) and Solana (SOL) are two prominent blockchain systems in the world of cryptocurrencies. They offer distinct features and functionalities to offer. Knowing the distinctions between Ethereum and Solana is crucial. Their respective possibilities are important as enthusiasts and

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Blockchain coins illustration - digital currency and decentralized apps

What are coins in blockchain?

March 4, 2024 • Blockchain • 2 Comments

Coins are essential to the blockchain technology space because they facilitate transactions, enable decentralized applications, and operate as units of value in online communities. Coins, also sometimes called cryptocurrencies, are digital or virtual money that use cryptographic techniques to restrict

What are coins in blockchain? Read More »

Blockchain Validator Verifying Transactions

What role do validators play in blockchain networks?

March 2, 2024 • Blockchain • Leave a Comment

Blockchain technology has revolutionized the way we store and transfer digital assets, providing a decentralized and immutable ledger system. At the heart of many blockchain networks lies the concept of validation, which ensures the integrity and security of transactions. In

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EigenLayer NFTs enhancing blockchain security

EigenLayer NFTs: What They Are and Why They Matter

February 25, 2024 • NFT • 1 Comment

Innovative platforms in the rapidly changing world of blockchain and non-fungible tokens (NFTs) are constantly reshaping the landscape of digital ownership and decentralization. Among these, EigenLayer stands out as a game changer. It proposes a revolutionary strategy to safeguard blockchain

EigenLayer NFTs: What They Are and Why They Matter Read More »

Blockchain interoperability network connecting various blockchain platforms

What Makes Blockchain Interoperability Crucial for the Future?

February 23, 2024 • Blockchain • Leave a Comment

Interoperability is essential in blockchain technology as it connects disconnected networks and creates a cohesive, efficient, and versatile ecosystem. This blog will take you on a trip to explore the essence of blockchain interoperability, its importance, challenges, and emerging solutions

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Interconnected blockchain nodes illustration

Exploring the Concept: What is a Node in Blockchain?

February 22, 2024 • Blockchain • Leave a Comment

Blockchain technology has revolutionized how we perceive digital trust and security, laying the foundation for cryptocurrencies like Bitcoin and Ethereum, as well as a myriad of other applications. At the heart of this technology’s functionality and reliability are nodes. But

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