Your Gateway to Financial Literacy
What is Uphold? Uphold is a cloud-based financial service platform that provides individuals with the ability to securely move, convert, hold, and transact across various asset classes – including fiat currencies, cryptocurrencies, precious metals, and equities. Founded in 2014 under the name Bitreserve and rebranded as Uphold in 2015, this
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Background of Cryptocurrencies and tZero In the digital age, financial technologies have revolutionized the way we conduct business transactions. One such technological innovation is cryptocurrencies. Since Bitcoin’s inception in 2009, numerous other cryptocurrencies have emerged, bringing together technology enthusiasts, libertarians, speculators, and investors. As the speed of innovation outpaced regulators’
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Introduction to Smart Contracts Smart contracts represent a game-changing concept in finance and technology that enables automated transactions between parties. These self-executing programs enable trusted transactions and agreements among anonymous, disparate individuals or entities without the need for intermediaries, legal systems, or external enforcement mechanisms. Nick Szabo, an American computer
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Introduction to Ripple and Its Unique Features Ripple is an innovative blockchain payment network and protocol, founded in 2012 by Chris Larsen and Jed McCaleb, that connects various financial institutions, currencies, and digital assets into a seamless global financial system. Ripple’s native cryptocurrency, XRP, functions as the bridge currency or
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Introduction to Paga: The Mobile Wallet Revolutionizing Nigerian Finance Paga is a revolutionary mobile payment solution that has transformed the way Nigerians manage their finances. Launched in 2011 by Tayo Oviosu, this mobile wallet platform is now widely used for electronic transactions and payments through mobile devices. Paga’s primary objective
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Introduction to Near-Field Communication (NFC) Near-field communication (NFC), a short-range wireless technology, is revolutionizing the way devices communicate and exchange data. This game-changing tech enables your smartphone, tablet, payment cards, wearables, and other gadgets to interact seamlessly. Originally adopted by the payment industry for contactless payments, NFC is now expanding
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What Is a Mobile Wallet? A mobile wallet is an application stored on a smartphone or other mobile devices that enables users to make contactless payments for goods and services using their near-field communication (NFC) technology. It securely stores credit card, debit card, coupon, or reward card information and may
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What Is an Initial Coin Offering (ICO)? An initial coin offering (ICO) represents a relatively new, innovative way for businesses to raise capital through the issuance of digital tokens. This fundraising method is similar to traditional initial public offerings (IPOs), where companies sell shares to investors with the goal of
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Introduction to Hyperledger Sawtooth Hyperledger Sawtooth is a noteworthy open source project under the Hyperledger umbrella, designed for enterprise-grade blockchain solutions that can handle smart contracts without the need to understand the complexities of the underlying core system. The platform has gained recognition from prominent organizations such as the Linux
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Overview of Hyperledger Iroha Hyperledger Iroha, an open-source business blockchain platform launched in May 2019 under the Linux Foundation, represents a significant stride forward for organizations seeking to implement distributed ledger technology. A product of Japanese fintech company Soramitsu Co. Ltd., Iroha is a flexible framework that caters to the
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Introduction to Hyperledger Fabric Hyperledger Fabric is a versatile and open-source blockchain platform created by IBM for private industrial enterprises. Developed within the Linux Foundation’s Hyperledger project, this modular decentralized ledger technology (DLT) offers a secure and scalable foundation for creating business applications, products, and solutions. Launched in December 2016,
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Introduction to Hyperledger Explorer Hyperledger Explorer represents a vital utility tool within the Hyperledger ecosystem, serving as an indispensable solution for users seeking to explore and better understand various transactions, artifacts, and developments taking place on Hyperledger blockchains. This user-friendly web application enables users to view, query, organize, or initiate
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Introduction to Hyperledger Composer Hyperledger Composer is a powerful, open-source tool designed for building enterprise-level blockchain applications. Initiated under The Linux Foundation, this project was specifically aimed at making it easier for businesses to create and implement their own blockchain networks. By abstracting the underlying complexity of Hyperledger Fabric, Composer
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What Is Hashgraph? Hashgraph is an emerging decentralized ledger technology that aims to address some of the limitations of traditional blockchain consensus mechanisms, such as proof-of-work (PoW). While hashgraph and blockchain share similarities in their role as decentralized ledgers that secure information through cryptography, they differ significantly in the way
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What is a Hard Fork? A hard fork refers to a significant change to a blockchain network’s protocol that results in two distinct chains, each with its own set of rules and token holders. Essentially, a hard fork creates a new version of the original blockchain with upgraded features or
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What is Gwei? Gwei is the smallest denomination of ether (ETH), the cryptocurrency native to the Ethereum network. It was named in honor of Claude Shannon, a cryptography pioneer, with one billion gwei equaling one Ether. Gwei, also known as nanoether or shannon, plays a crucial role as the common
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What Is a Graphics Processing Unit (GPU)? A Graphics Processing Unit, or GPU, is an electronic circuit designed to render visual data for a computer’s display device, such as a monitor or projector. Introduced in 1999 by Nvidia, this specialized chip has since revolutionized the world of digital graphics by
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Introduction to the Gemini Exchange Gemini is a leading cryptocurrency exchange founded by twin brothers Cameron and Tyler Winklevoss in 2014. Based in New York City, Gemini is distinguished from other cryptocurrency exchanges due to its rigorous regulatory compliance. With Gemini, investors can buy, sell, store, and custody digital assets
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Introduction to Fintech: A New Era in Finance Financial Technology (fintech) is a term used to describe new technology that aims to improve and automate the delivery and use of financial services. It is an evolution in how businesses, entrepreneurs, and individuals handle their financial operations, processes, and lives. Fintech
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Introduction to Distributed Ledgers A distributed ledger represents a groundbreaking evolution from traditional record-keeping methods by allowing transactions to be consensually shared and synchronized across multiple entities, locations, or geographies. Unlike centralized ledgers that rely on a single institution or authority to control access and validate transactions, a distributed ledger
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Overview of Distributed Ledger Technology (DLT) Distributed ledger technology, commonly known as DLT, is a digital infrastructure that enables decentralized databases with real-time, synchronized updates across multiple nodes or participants. This groundbreaking innovation has transformed the way businesses and individuals handle data sharing by providing enhanced security, transparency, and accountability
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