The Newsletter by Tokenize Xchange (Vol.143| June 2021)
Tokenize V3 Is Arriving on 4th July
No more waiting, cause Tokenize Xchange V3 is coming this 4th July, 2021.
Expect a whole new look with a crisp, modern and clean feel. The refreshed UI/UX promises to bring our users next-level trading experience.
What is Decentraland (MANA)?
If you are a fan of the idea of participating in a 3D virtual platform where you can build a whole new world of yourself, you should not miss this article! In this article, Tokenize Xchange will bring you some basic understanding of Decentraland and its token MANA.
Decentraland is a virtual reality platform powered by Ethereum blockchain. Decentraland allows you to create a new economy, build, and monetize virtual reality applications. Divided into 90,000 parcels of LAND, measuring 16m x 16m of each, Decentraland gives its users the ownership over their land and applications they create within their land.
In Decentraland, you can freely create and build anything you want when you own a piece of land there. You can go to casinos, attend seminars, attend music concerts, go shopping with friends, drive your dream car, and even start a business. With just a virtual reality headset or a web browser, you can enjoy a 360-degree virtual world.
Why China’s Crackdown on Bitcoin Mining Can Do Good for the Market
No kidding! China’s recent crackdown on Bitcoin mining turns out to be a good thing for the cryptocurrency market! This crackdown has caused Bitcoin’s hash rate to fall by more than 30% over the past months and Bitcoin price to drop to $30,000. So how could it be? Let’s find out the answer with Tokenize Xchange.
Dive Deeper into the Ethereum Blockchain
Last week, we gave our readers an insight into Ethereum. It’s a smart contract enabled blockchain and financial transactions on the network are powered by Ethereum’s native currency — Ether (ETH).
Remember that Ethereum is an open and decentralised public network, which means that its records are not withheld by a central authority. While it’s illegal to access a bank’s entire transaction history, anyone can interact with the Ethereum blockchain and explore the network’s activities through blockchain or ‘block’ explorers.
Etherscan is currently the leading blockchain explorer for Ethereum. It displays crucial information like the current price of Ether, the amount of transactions, and the average gas price.
More importantly, Etherscan also allows users to search for transactions to and from wallet addresses. Simply put, it’s a digital, global, and live financial statement; a search engine for anyone to check and observe real-time transactions on the Ethereum network.
This is also why we often say that blockchain technology is transparent and accessible.
Check out our easy peasy guide on Ethereum: What Exactly is Ethereum?
So how can you start interacting with the Ethereum blockchain while utilising block explorers like Etherscan?
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