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Posts tagged as “Decentralised Apps”

Bancor Hack: Is the Compromised Exchange Truly ‘Decentralised’?

Bancor, an Israel-based company runs a ‘decentralised’ exchange called Bancor, ofcourse. In June last year, Bacor became the biggest ICO in terms of raising money. Bancor foundation raised $153 Million in Ether by selling its token BNT. What will Bancor build? A decentralised Exchange. A year later today, the exchange was hacked and lost about $23.5 Million worth of cryptocurrency. The exchange said in a statement, “a wallet used to upgrade…

What is Ethereum?

In today’s bloodbath, one coin did pretty well, maintaining its price and market place. That is none other than Ether (ETH). Much has been said about ETH and Ethereum network that currently holds the second largest market cap in Cryptocurrency. What is Ethereum? Simply put, Ethereum is a blockchain-based decentralized platform on which decentralized applications (Dapps) can be built.     Remember, blockchain is the structure the vast majority of cryptocurrencies run…