Ethereum
“The Merge” of the Ethereum
Ethereum – the world’s second largest blockchain – has transitioned from the legacy “proof-of-work” to a “proof-of-stake” consensus mechanism. Key facts The Ethereum Merge is an upgrade that changes how new crypto transactions take place on the blockchain. The Ethereum ..
Month: Current affairs - September, 2022
Category: Economy & Banking Current Affairs • Science & Technology Current Affairs
Norway’s central bank digital currency
Norway’s central bank – Norges Bank – recently hit a major milestone in its digital currency development efforts by releasing the open source code for the country’s CBDC sandbox based on the Ethereum technology. Key facts Norway’s CBDC sandbox, which ..
Month: Current affairs - September, 2022
Category: Economy & Banking Current Affairs • International / World Current Affairs
Turkey bans Crypto Currency payments
The Bitcoin currency tumbled more than 4% after the Central Bank of Turkey banned the use of Crypto currencies and crypto assets for purchases. The bank cited possible irreparable damages and transaction risks as the reason for the ban. The ..
Month: Current Affairs - April, 2021
What is Ethereum 2.0?
The Ethereum is a crypto currency. Recently, it was launched in a faster, cheaper and more environmentally friendly platform, as the upgraded version called ‘Ethereum 2.0’. What is Ethereum? Ethereum is a decentralised and open source blockchain platform, which is ..
Month: Current Affairs - December, 2020
What is Facebook’s Cryptocurrency ‘Libra’?
After months of speculations and rumours, Facebook has officially announced the details of its new global cryptocurrency called Libra. This Facebook owned cryptocurrency Libra will be launched by social media giant in 2020. LIBRA Explained The name Libra is a ..
Month: Current Affairs - June, 2019
IMF and World Bank unveiled Learning Coin For In-House Purposes
International Monetary Fund (IMF) and the World Bank have together launched a private blockchain with a pseudo-token. The new token, called ‘Learning Coin’ accessible within the IMF and World Bank the main purpose to teach relevant individuals within the organizations ..
Learning Coinis launched by IMF
The International Monetary Fund (IMF) and the World Bank (WB) have jointly launched a project called “Learning Coin”. It is a private blockchain-based coin and only accessible within IMF and the World Bank to help both multinational agencies learn about ..
Reliance Industries receives India’s first Letter of Credit (LC) payment via blockchain
HSBC Holdings Plc has executed India’s first trade financial transaction using blockchain for a deal involving an export by Reliance Industries Ltd (RIL) to US-based Tricon Energy. The blockchain-enabled letter of credit (LC) reduces transaction timeline from 7-10 days to ..