Sign in

Blogger, Product Manager, tech and financial enthusiast. Minimalist and climber 🚀

Digital assets will replace fiat currencies — according to a study by Deloitte. But how and when?

Between March 24 and April 10, 2021, Deloitte conducted a study on blockchain and what role cryptocurrencies will play in financial services. Participants in the study included senior executives from the financial services industry.

Hello Crypto! — Photo by Jp Valery on Unsplash, edited by the author

More than three-quarters of respondents from the financial services industry agreed on one point: digital assets will replace traditional fiat currencies in the long term. According to the study participants, this will already be the case in five to ten years.

Chances

Bitcoin and blockchain were developed to revolutionize processes…


“The Limit To Growth” is a 1972 report, commissioned by the Club Of Rome and worked on by Donella H. Meadows, Dennis L. Meadows, Jørgen Randers, and William W. Behrens III as well as a team of other researchers.

The thesis is quickly told: If humanity continues to grow as it has in the past, it will reach its limits within a few decades. Meadows and his colleagues had put the earth’s raw material reserves together with economic growth and birth rates into many formulas and had a computer calculate the future. The result was discouraging: soon the fields will…


While Bitcoin and Ethereum are tumbling, the following 3 high potentials keep strong and even manage to stay close to their all time high. Of course, we are talking about:

With the hard fork “Alonzo”, the Cardano network has successfully completed the last part of the Goguen rollout.

Cardano — pexels.com and edited by the author

Although Cardano has just received the most important upgrade in its history, it performs the worst in the trio. Surprisingly, because Caradano is now supporting Smart Contracts, making a whole new world accessible to the developer community.

A smart contract is a self-executing contract with the terms of the…


The deflationary character that has been introduced with the so-called London Upgrade (read here) receives a lot of attention, as it changes the way how transactions work on Ethereum.

Why? The number of Ether generated by the miners is not increasing as fast as before. This is because with each transaction a part of the fees due is destroyed/burned.

Deflationary Trend: London Upgrade

The term “burn” is based on the concept that the fees are named “ gas”. That is the equivalent of the substance used to burn in the real economy — quite simply.
Previously, miners received only a fixed amount (block reward) for…


As we all know, Elon Musk has made critical comments about the environmental impact of crypto in the last few months. Especially Bitcoin, which got removed as a means of payment at Tesla due to environmental concerns. In the meantime, Musk thinks about re-adding it as a payment method and the negative buzz slowly becomes silent. Nonetheless, now more than ever it is an important topic the crypto-community has to deal with.

A few weeks ago I’ve reviewed the CHIA Coin, which also claims to be a more sustainable version of Bitcoin: Chia Coin: The GREEN Bitcoin Alternative?

Now, Signum…


Arbitrum is a project by Offchain Labs, which specializes in scaling Ethereum. Unlike Polygon, the scaling solution relies on so-called Optimistic Rollups.

Fixing ETH — Photo by Jon Tyson on Unsplash, edited by the author

Fixing Ethereums High Transaction Costs

Optimistic rollups combine multiple transactions in the ETH network into a single transaction, then process them outside the Ethereum blockchain and only send the transaction data back to the Ethereum mainchain.

Through this mechanism, Arbitrum manages to scale Ethereum transactions. Not only does it look promising, Mark Cuban — billionaire, crypto enthusiast, and entrepreneur — invested in the project.

POLYGON, a similar solution, had a sensational run recently. What does that mean for Arbitrum?

Polygon ( previously Matic…


Stablecoins are a type of cryptocurrency linked to an asset like the U.S. dollar that doesn’t change much in value. Compared to traditional FIAT currencies, moving money with stablecoins is faster, cheaper, and easier to integrate into software. In addition, Smart Contracts can be used with stablecoins. Hence why a whole new universe of dApps and stablecoin-integrations emerges. And Terra for sure is an interesting player in this regard.

🌎 -> 🌑 — Photo by Neven Krcmarek on Unsplash, edited by the author

Terra is a decentralized financial network that focuses on cryptocurrencies with a stable value (> stablecoins). The various stablecoins (for example TerraUSD, TerraEUT) are algorithmically backed by the LUNA token. …


ALTSEASON?!??!?!?!???!?!? — Photo by Michael Longmire on Unsplash, edited by the author

Numerous altcoins are currently experiencing gains in the double- or even triple-digit percentage range. Analysts and traders are already anticipating a new “altcoin season” — in other words, a phase in the bull run in which alternative cryptocurrencies other than Bitcoin experience above-average growth. Full-time trader Michaël van de Poppe, for example, comments:


Solana jumps from one All-Time High to the next. Now it has reached the Top 10 with a price of 74$. For comparison: at the time of my full review (11.06.2021) it was worth 37$.

Powerful for developers. Fast for everyone. — solana.com

Solana value — coinmarketcap.com

And DeFi has been a key player in this bull run. The company’s goal is to develop the fastest one-layer solution for decentralized applications (dApps). So far, Ethereum is considered the blockchain of choice for most projects, but it is increasingly criticized due to a lack of scalability. Therefore, several competitors have already emerged, which are considered serious competition for Ethereum. The Solana Blockchain can score with various technologies as an alternative. That’s why the Total Value Locked (TVL) of all Solana DeFi projects reached a new high of US$2.41 billion.


Exciting times for anyone holding ADA coins, since the Cardano network has finally managed to reach 3rd place on the crypto charts. The price of ADA, currently around $2.61, has now even outperformed the all-time high in mid-May. In addition, ADA’s relative strength against other crypto-assets has pushed the market capitalization of the asset to about 84 billion dollars, ranking it third — ahead of Binance Coin (BNB) and Tether (USDT).

NEW TOP 3 — Photo by Joshua Golde on Unsplash, edited by the author

ADA is the network token of Cardano: the proof-of-stake blockchain started by Charles Hoskinson in 2015. Hoskinson was previously involved in Ethereum and wanted to push the boundaries with…

Maximilian Perkmann

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store