Clanity Blog News & Events
Clanity Blog News & Events

Blog tagged as Blockchain

Managing Crypto Losses on Tax Returns: A Comprehensive Guide in the US, UK, and Canada

Cryptocurrency has become increasingly popular in recent years, with governments worldwide working to establish clear rules for taxing digital assets. As a crypto holder, it is crucial to understand how crypto losses are taxed and their potential impact on your tax liability. In this comprehensive g...

04.12.23 12:20 AM - Comment(s)
The Rise and Fall of Binance's Former CEO: A Closer Look at the Legal Battle

In recent news, Binance's former CEO, Changpeng Zhao (CZ), has found himself embroiled in a legal battle with the U.S. Department of Justice (DOJ) over charges related to violating the Bank Secrecy Act. This article delves into the events leading up to this legal showdown, the plea deal...

01.12.23 01:23 AM - Comment(s)
Understanding Permissioned and Permissionless Blockchains: A Comprehensive Guide

Blockchain technology has revolutionized various industries, offering secure and transparent solutions for a wide range of operations. However, not all blockchains are the same. There are two main types: permissioned and permissionless blockchains. In this comprehensive guide, we will explore the im...

24.11.23 01:19 AM - Comment(s)
Proof of Burn: A Sustainable and Energy-Efficient Consensus Mechanism

Proof of Burn (PoB) is an innovative consensus mechanism that offers a sustainable and energy-efficient alternative to traditional methods like Proof of Work (PoW) and Proof of Stake (PoS). By burning coins, PoB ensures the security and validity of blockchain transactions, while reducing energy cons...

21.11.23 01:09 AM - Comment(s)
Proof of Authority: A Scalable and Efficient Consensus Mechanism

Blockchain technology has witnessed significant advancements since its inception, with various consensus mechanisms being introduced to improve scalability and efficiency. One such mechanism is Proof of Authority (PoA), which has gained attention for its ability to address the limitations of traditi...

16.11.23 01:04 AM - Comment(s)
What Is Liquidity and Why Is It Important?

Liquidity is a crucial concept in the world of finance and investing. It refers to the ease and speed with which an asset or security can be converted into cash without affecting its market price. In other words, liquidity determines how quickly and efficiently an asset can be bought or sold in the ...

13.11.23 12:58 AM - Comment(s)
Mining Pools: Explained and Analyzed

Cryptocurrency mining has evolved significantly since the early days of Bitcoin. Initially, individual miners could use basic personal computers to mine new tokens. However, as the mining difficulty increased and block rewards reduced, it became increasingly challenging for individual miners to succ...

12.11.23 11:46 PM - Comment(s)
Understanding Blockchain Consensus Algorithms

Blockchain technology has revolutionized various industries by providing decentralized and immutable systems for recording transactions. One of the key components of a blockchain is the consensus algorithm, which ensures that all nodes in the network agree on the state of the blockchain. In this art...

11.11.23 02:29 AM - Comment(s)
What is a Blockchain Bridge and How Does it Work?

Blockchain technology has revolutionized the way we transact and store value. However, with the proliferation of different blockchain ecosystems, there arises a need for interoperability between these networks. This is where blockchain bridges come into play. In this article, we will explore the con...

09.11.23 02:22 AM - Comment(s)
What Is Hashing in Cryptocurrency: Explained

Cryptocurrencies like Bitcoin and Ethereum have revolutionized the financial world with their decentralized and secure nature. One of the key components that make these digital currencies secure is hashing. In this article, we will explore what hashing is, how it works in the context of blockchain t...

07.11.23 02:18 AM - Comment(s)