What are DLTs and how they differ from Blockchain

surely you are already more than familiar with Bitcoin and Blockchain technology as a result of all the noise generated earlier this year. However, you may not know the “twin” brother of the Blockchain, DLT ( Distributed Ledger Technology). In this post we tell you what DLTs are and how they differ from Blockchain . What are DLTs and what is their meaning Distributed Ledger Technology (DLT) or distributed ledger technologies are a set of technologies that allow us to design a system structure that allows it to function as a NOT centralized database . This means that there is no central computer or server that stores the information, making it a more secure system (the database cannot be “hacked” as there is no central computer to attack). Now, not all DLT systems have to be fully decentralized. We can find a complete decentralization (without a control nucleus), distributed (one or several control nuclei, together with several support nodes), or federated (where the local nuclei have great autonomy). Access to these systems can be public or private, taking into account the level of security that you want to apply to the system. Differences between DLT and Blockchain If you are wondering what differences exist between a DLT system and a blockchain system, it is completely legitimate. We can say that DLT technologies are the largest category of Blockchain. This means that ALL blockchain networks are DLT technologies but not all DLTs are blockchain technology.

The Future Of Crypto And Blockchain: 2021

Throughout last year the world of Decentralized finance (DeFi) continued its growth until reaching a total locked value (TVL) of about 15,000 million dollars in December, a vertiginous growth if we take into account that at the beginning of the year that TVL was only 1 billion. In fact, for a few months trading volumes on certain DeFi exchanges exceeded those of some large traditional exchanges. And looking ahead to 2021, it is likely that they will continue to grow , despite the setback this week Elon Musk's announcement that Tesla was abandoning payments via Bitcoin. Bitcoin itself and other digital currencies had followed a clearly upward trajectory in recent months, as buyers have found new uses for the assets and a wave of new market trends has gripped the financial world during the pandemic. But the continuous fluctuations in the value of cryptocurrencies have grabbed many headlines in recent years; The rise in currency prices to highs at the end of 2020 has already raised many questions about investor protection and the necessary regulations, especially in the wake of the GameStop affair , which has raised many alarms and announces some changes in the operation of the sector. Regulation The tension between ruling elites and civil society is one of the bases of cryptocurrencies, which are born from a desire for decentralization. So its existence in a regulated framework presents some challenges. "The basic and general question is that the innovation of digital assets has exceeded our regulatory framework ," Timothy Massad, a Harvard researcher and former chairman of the Commodity Futures Trading Commission, recently explained in an article in The New York Times.. "That is not unusual; there has always been a tension between innovation and regulation ”. One of the biggest debates among crypto-regulators gravitates around whether cryptocurrencies are commodities or securities, as well as the potential limitations of crypto retail for certain markets. Cross border payments Cryptocurrencies have become one of the most popular channels for expatriate workers to send payments to their families in their home countries without having to deal with costs and penalties. Companies like Ripple have bet heavily on this market but, due to its dispute with the United States Securities and Exchange Commission (SEC), Ripple has lost important partners such as MoneyGram, one of the most important payment platforms for migrants. However, since the dispute with the SEC, 100% of the clients of its currency (XRP) are located outside the US, mainly in Southeast Asia, because regulators in Singapore and Thailand have classified XRP as a digital asset. In addition, the sector is also booming in the Middle East and North Africa, as well as in Saudi Arabia and India.

What is Uniswap and how does it work?

What is Uniswap and how does it work? One of the most well-known decentralized exchange (DEX) protocols in the blockchain world is Uniswap, and it is no wonder, because this protocol has become one of the largest DEXs in the crypto ecosystem, with a blocked value that amounts to 5 billion dollars. With this, Uniswap becomes one of the main opponents of centralized solutions, and leaves behind the belief that this type of technology could not become truly viable. But how has Uniswap achieved this? What technology is behind your design? This and much more you will know below. What is Uniswap? Uniswap is a DEX (Decentralized EXchange or Decentralized Exchange), which allows you to exchange your cryptocurrencies for others, using smart contracts on the Ethereum network. This fact already tells us one thing: Uniswap works with Ethereum ERC-20 tokens . Let us remember that an ERC-20 token is a type of standard token within Ethereum and of these types of tokens there is a great variety. In fact, there are currently more than 420,000 different ERC-20 tokens on Ethereum, which gives us an idea of the huge ecosystem that exists. It is precisely this point, which led Uniswap to its immense success: there is an immense community that needs this exchange functionality and, if you can make money with it, all the better. However, as Uniswap only works with ERC-20 tokens, it is severely limited in functionality. For example, you cannot make direct exchanges using other cryptos, such as Bitcoin or Bitcoin Cash. To overcome this limitation, other projects have dedicated themselves to creating ERC-20 tokens that represent these other cryptocurrencies. To do this, 1: 1 anchored ERC-20 tokens are created with that specific crypto, or using other means. A good example of this is RenBTC, where RenBTC is an ERC-20 token anchored 1: 1 with the value of Bitcoin, and guarded by a decentralized network of nodes. Thus, each RenBTC token can be exchanged 1: 1 with BTC (except for a small commission) and, you are sure that it will always be like that.

TRON Features and Benefits

TRON is an open-source decentralized blockchain platform founded by the Chinese company TRON Foundation, registered in Singapore. The main Cryptocurrency on the platform is TRONIX (TRX). For the first time, the platform was unveiled in the summer of 2017 by Chinese businessman Justin Sun. In 2017–2018, the company held one of the biggest and biggest ICOs, during which $ 70 million was raised. About 40% of the total issue was sold to investors, and the rest went to TRON’s reserve fund (35%), for pre-sale to other investors. The project team consists of very experienced developers from different countries: China, USA, Japan. Initially, TRX represented the token in the ERC 20 standard, but after the ICO in 2018, the cryptocurrency moved to its own blockchain. TRON platform features The main idea of the project is to create an entertainment network similar to AppStore or GooglePlay, but in which developers can create their own entertainment applications and offer them directly to users without intermediaries. Initially, the coin was based on the ERC-20 standard, but in 2018, the project moved to its own Odyssey 2.0 blockchain network. TRON started on the basis of Ethereum, continued its development path, and inherited the main distinguishing characteristics of Ethereum: the presence of smart contracts and the creation of its own tokens using funds through crowdfunding. TRX is the main currency, used to pay for content on the platform, as well as to pay compensation for mining blocks. But in addition to the native TRX currency, the platform also supports: