These posts are written in-house by the team members of Sanctuary DEX.
As you may know, Monero is one of several “privacy coins” that allow users to maintain their anonymity on the blockchain. In a previous article, I described the importance of privacy when accepting crypto for payment of goods and services as well as paying employees with cryptocurrencies. Article Link: https://sanctuarydex.com/why-privacy-in-payments-is-important/ If you track the price …
The Preamble to the United States Constitution emphasizes “liberty for ourselves and our posterity”. Ever since the establishment of the Federal Reserve in 1913, our liberties and the ability to transfer wealth to our future generations has been eroding at a “boiling frog’s pace”. Had our predecessors known then that purchasing power of the US …
Or rather, Alice pays Chase Bank and Chase Bank pays Bob The above statement describes how the majority of “peer-to-peer” transactions are structured today; there’s a middleman or 3rd party involved. Since 2009, the year after the major 2008 financial crisis, we have another option for peer-to-peer payment. This solution was described by Satoshi Nakamoto …
Today, when customers pay merchants with cash, check, credit, or debit card, they do not have access to the merchant’s bank account balance. Also, employees cannot access the balance of their employer’s bank account from the information on their paycheck. If the merchant accepts cryptocurrency as payment or if an employer pays their employee crypto, …
Introduction Cryptocurrency campaign contributions were approved almost eight years ago. The Federal Election Commission (FEC) approved these types of contributions, but they are still a ways from becoming a popular source of campaign contributions since there are still details that need to be hammered out. According to the FEC, only about a dozen campaign committees …
For this article, I will use definitions of Proof of Work and Proof of Stake as they pertain to the old Gold Standard. The discovery of gold and the appreciation of its inherent properties quickly led to its appreciation and appeal. It is malleable, will not tarnish, and is heavy and dense. As society evolved, …
The purpose of this article is to provide the pros and cons of each method of securing your cryptocurrency as well as provide some tips on how to ensure you are not scammed and lose a significant portion of your holdings. Centralized Exchanges / Wallets – The most common method of securing cryptocurrency today is …
Prior to the financial crisis in 2008, cryptographic money was only used by Cypher Punks, the original gangsters or “OGs”. I’ll skip that rabbit hole and focus on where I think we are today and the worst-case and best-case scenarios I foresee. But first, some observations of the current cryptocurrency and financial markets. The Recent …
2021 in retrospective As we know, inflation rose its ugly head in 2021 with the CPI index increasing 7% on an annual basis. How did bitcoin hold up as a store of value? For this article, I will define Store of Value as a value of the energy expended as labor in which we were …
