The final quarter of 2017 brought an immense spike in cryptocurrency prices across the board. As one of the largest bull runs of any market, it understandably generated a lot of buzz — even outside of the industry. It also brought awareness of a critical problem across all blockchains. The high level of transaction traffic brought many of the larger blockchains to a complete standstill. Fees skyrocketed, and transactions took hours to complete.

The Raiden Network for Ethereum provides a solution to this problem. …

ICO stands for Initial Coin Offering, and it’s a fundraising mechanism to help establish newer blockchain and cryptocurrency companies. These are also sometimes referred to as Token Generating Events (TGE) and Initial Token Offerings (ITO) with some very minor differences. ICOs help these companies launch their projects by providing investors with units of the new currency or utility token in exchange for the equivalent amount in another currency, usually Bitcoin or Ether. It works similarly to an initial public offering (IPO), but with a few key differences.

The main difference between an ICO and an IPO is that ICOs are…

By Jaycen Horton, CTO, KryptoPal

Although blockchain and distributed ledger technologies brought the world ground breaking advances, such as triple-entry accounting and trustless computing, they also imposed new scaling limitations and increased overhead costs. To effectively use blockchain for transactions, it’s important to note the current climate for this technology.

Limitations of Mobile and IoT Devices

Blockchain technology has significant overhead in terms of both bandwidth and storage capacity. This particular quality currently excludes the easy interoperability of blockchains and mobile or IoT devices, both of which have limited capacity. …

By Venkat Nallapati, founder and CEO, KryptoPal

In spite of the widespread adoption of blockchain and various cryptocurrencies, there remains significant barriers for individuals to use this technology. Numerous software implementations or integrations are required to use well known cryptocurrencies and to track these various blockchain transactions. Even well-regarded cryptocurrencies generally are not accepted widely by merchants or compatible with mobile applications.

Currently, there are 6.5 million apps being used by over 4 billion people worldwide; however, most of these apps lack the capability to connect with each other and provide a seamless experience for users. For example, a consumer…

By Venkat Nallapati, founder and CEO, KryptoPal

Since propelling into mainstream media in the early 2010’s, blockchain technology has generated a great deal of interest and attention. This disruptive technology serves as an alternative to centralized data storage. Rather than having data stored on one or multiple servers that can be corrupted, blockchain is distributed among computers. This allows for complete security and transparency because no single entity can possess the system.

Although blockchain has captivated business sectors across the world, there are still several misconceptions about the technology and its applications. …

KryptoPal — KryptoX

KryptoPal is a blockchain-based platform, which can be integrated into various applications around the world to perform various cryptocurrency transactions.

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