The growth of the DeFi sector, the popularity of NFTs and higher adoption in general has caused Ethereum’s transaction fees and confirmation time to skyrocket. Some important changes are coming to Ethereum and they will address these issues. On the anniversary of the Beacon chain launch last month, Vitalik Buterin tweeted something that sparked a
Uncensored transactions are essential for a free society, however, for the purposes of this post, let’s focus on the issue of crypto taxation. When Bitcoin was created, very few officials in government understood cryptocurrency as a consequence crypto taxation was not even a thing. Moreover the number of people using Bitcoin was so small that
Staking is a popular way to make passive income from crypto. We explain different types of staking and how to do it People hold cryptocurrencies for different reasons: as a hedge against inflation of fiat currencies for ideological reasons because they believe in decentralization because they need the underlying token for a specific purpose because
Web3 technologies have the potential to change the world. This article will introduce you to some of the basic concepts underlying this exciting new evolution. The evolution of DeFi has been fast and it’s still happening. As a matter of fact the DeFi ecosystem has risen rapidly, attracting investors who require access to a broad
Token airdrops have an important role to play in the Web3 ecosystem – and Skytale can help you maximise their value. Token airdrops have been hitting the crypto headlines for some time now – and with good reason. DeFi projects have often rewarded early adopters of their services by introducing tokenomics and distributing their tokens
2021 has been a rollercoaster year for digital assets, with both Bitcoin and Ethereum reaching all-time highs, Visa announcing settlement with stablecoins and many more individuals and companies deciding to invest in cryptocurrencies and non-fungible tokens. It has also been a watershed year for us here at Skytale. On May 11 we announced the release
DAOs – decentralized autonomous organizations – need reliable data in order to automate their decisions. This is how Skytale can provide the fast, accurate information they need . In the first part of this post, we looked at DAOs and their recent growth in popularity. After a slow start, most likely because of the exploit
What does an oracle mean in the context of cryptocurrency and DeFi? We take a look at why they are needed, and why DAOs use them Politicians and lawmakers find decentralized organizations challenging to understand and to regulate, which is perhaps not surprising. Decentralization is the latest in a wave of financial innovations that technology
Blockchain networks used to be simple. In the beginning, there was only Bitcoin, and in the years between 2010 and 2014, other public blockchains were developed whose primary purpose was to exchange value in a peer-to-peer and trustless manner. At Skytale we have decided to focus on networks that specifically offer programmable money and financial
