Author: Hazem Allagui

What are the uses of smart contracts? Imagine that you are trying to sell your house. It is a complicated and somewhat arduous process that requires a lot of time and effort, in addition to being fraught with risks.For this reason, the vast majority of home sellers decide to find a real estate agent to handle all the required tasks. The previous case can be compared to the most widespread use cases of smart contracts, which are beginning to revolutionize the entire industry, by making processes easier and much less tedious.The importance of smart contracts lies in their ability to…

Before we start talking about words like hard fork, Soft fork blockchain, and other strangely used words, I’d like to explain each term briefly. Now, let’s talk about each term in a more detailed way. The first question we must answer before talking about forks or anything else is: Why must we update the protocol? Why do we need to update the blockchain protocol? What is blockchain Soft Fork? As I mentioned before, it is a change in the protocol, but in backward compatibility. I’ll take traffic rules as an example (they are very similar).Suppose the United States has a…

Bitcoin debuted exactly 15 years ago and is now at its strongest point.Today, it is the first in the world and the most expensive, popular, and stable cryptocurrency. However, it is not perfect. One of the most pressing issues for cryptocurrency has always been scalability.More specifically, the transaction block’s size was limited to one megabyte when Bitcoin was created.This limit causes a significant delay in transaction processing times and limits the number of transactions the network can process. But Bitcoin Cash was a different story. It differs from other versions in that it enables the block size to increase from…

The UAE Central Bank is turning its attention to the stablecoin market as it intensifies its efforts to promote innovation and digital financial transactions in the country. The Board of Directors of the Central Bank of the United Arab Emirates, headed by Chairman, His Highness Sheikh Mansour bin Zayed Al Nahyan, has given the green light to issue a regulation to supervise and license stablecoins, the Emirates News Agency (WAM) reported on June 3.The committee also agreed to introduce other policies to support the local banking and insurance sectors and services related to the financial infrastructure. The agenda item for…

The Qatar Central Bank has completed the infrastructure for the Central Digital Currency (CBDC) project and launched the first phase of the pilot project, through which the central bank will consider settling large payments between large local and international banks. Few details have been revealed about the project. The government news agency said it will focus on distributed ledger technology, artificial intelligence, enhancing liquidity, and settling securities transactions, and the project will continue until October. The Qatar Central Bank began studying CBDC technology in March 2022 and confirmed that it would launch a project in June of that year.According to…

The Dubai Financial Services Authority (DFSA) has announced amendments to its cryptocurrency token regime to strengthen and develop the regulatory framework for tokens within its special economic zone. The Dubai Financial Services Authority is an independent regulatory body in the United Arab Emirates, which oversees entities registered in the Dubai International Financial Centre, one of the special economic zones in the country. On June 3, the DFSA said it had revised its crypto token regime to reflect changes arising from Consultation Paper 153, which it published in January 2024.The amendments addressed several vital areas, including funds that invest in crypto…

Raydium is a popular solution-focused platform that offers cryptocurrency and crypto users the advantage of an automated market maker.The platform leverages the Solana network to offer instant swaps to users and projects and provides on-chain liquidity and yield.In this article, we will explain everything you need to know about the platform and how it works. What is Raydium Swap? Raydium is an automated market maker, DeFi exchange, and token launcher hosted on the Solana blockchain.It aims to solve decentralization problems such as expensive gas fees, eliminating unnecessary orders, and creating liquidity fragmentation. Using the Solana network, the platform provides high-speed,…

Saudi Arabia has joined a group of countries seeking to trial cryptocurrencies for cross-border central banks dominated by China.This may be another step towards reducing dealing with the US dollar. Under the move, announced by the Bank for International Settlements on Wednesday, the Saudi Central Bank will be a full participant in the mBridge project.It’s a cooperation that was launched in 2021 between the intermediary banks of China, Hong Kong, Thailand, and UAE. The Bank for International Settlements, a global financial institution owned by member central banks that oversees the digital currency pilot project, also announced that mBridge has reached…

Sales of the non-fungible token (NFT) industry rose in 2021, according to industry reports.As sales volume boomed from $95 million to $25 billion in 2021, the OpenSea market is the leader of the largest NFT market in the world. The OpenSea market was among the first markets to monitor the growth of the non-fungible token industry, in addition to its first position in that industry.Since its inception in 2017, the OpenSea platform has witnessed a boom in NFT sales worth $20 billion, with the participation of more than a million merchants on this platform. In this guide, we will monitor…

Solana Network is becoming increasingly popular in non-fungible tokens (NFTs).Especially with the emergence of more new markets and groups serving the crypto and cryptocurrency market.Among these is the latest development in the crypto market, the Magic Eden Solana NFT Marketplace, which we explain in detail in this guide. In this guide, we provide you with all the information about Magic Eden, how it works, and its most famous features.But first, we learn about the non-fungible token (NFT) markets. What is Magic Eden Marketplace? Magic Eden Marketplace is a platform for non-fungible tokens (NFTs) on the Solana blockchain.It processes more than…