Velas: Overview & FAQ
Velas is a blockchain that utilizes a consensus mechanism that is a combination of Proof-of-Stake and Proof-of-History. More than 50,000 transactions can be completed in a single second thanks to the capacity of the network. Velas is a blockchain that is compatible with both...
SOPR Indicator: Tracking Bitcoin’s Price Lows and Highs
An on-chain indicator called the Spent Output Profit Ratio (SOPR) is utilized in the process of analyzing the cycles of the Bitcoin market. The SOPR is an oscillator that helps identify moments when long-term investors sell Bitcoin at a loss or, on the other hand, fix...
What is a Governance Token?
A governance token, also called a governess token, is a digital asset whose owners can vote on how a blockchain project is built. Most of the time, a token-based project management system is built on a decentralized autonomous organization (DAO) (DAO). Tokens give people the...
What is NEAR Protocol Blockchain and Cryptocurrency?
NEAR Protocol is an open source, high-throughput smart contract platform. NEAR's sharding feature divides the blockchain into several chunks. 2021 saw the update. The project's cryptocurrency is NEAR. Transactions and betting are its key activities. Coinholders can delegate...
What are Soulbound Tokens and How do They Differ from NFTs?
Soulbound token (SBT), also called a non-transferable token, is a type of NFT asset that can only be sent to one blockchain address. You can't move or send the SBT token to another blockchain address. A token that can't be moved is only given out once, and only the person who...