Ultra is serves a variety of purposes within the Ultra platform, both at the protocol and at the app level . Alien Worlds is a decentralized, non-fungible token metaverse, where players compete for scarce resources, Trilium , in a stimulated economy centered around planetary worlds. Mobox is the native utility token that is used for processing transactions through the NFT gaming platform and staking for platform bonuses and incentives. In January we burned a total of 27,283,318 HIT tokens…

CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. CoinDesk journalists are not allowed to purchase stock outright in DCG. Cryptocurrencies are essentially just digital money, digital tools of exchange that use cryptography and the aforementioned blockchain technology to facilitate secure and anonymous transactions. There had been several iterations of cryptocurrency over the years, but Bitcoin truly thrust…

Yorio said land value in the metaverse will be determined by what owners do with a property — like designing a popular attraction, museum or feature —rather than location. Non-fungible tokens have been trending since the start of the year, and more companies and artists are getting involved with the latest blockchain innovation. In a new webinar series, Manatt hosts dynamic roundtables with leaders on the emerging Metaverse and Web 3 technology and innovation occurring in today's markets.…

Everything is done publicly through a transparent, immutable, distributed ledger technology called blockchain. The CoinDesk Bitcoin Price Index is the world’s leading reference for the price of bitcoin, used by the largest institutions active in crypto assets. It is the crypto market standard, benchmarking billions of dollars in registered financial products and pricing hundreds of millions in daily over-the-counter transactions. Built for replicability and reliability, in continuous…

A rapid manoeuvre of retail and big-shot investors can be seen to this unregulated new-age boon despite the experts warning about the abrupt price fluctuations. Over a million new investors have flocked to the Bitcoin market in India in the last six months. There is no standard registry to determine the global cryptocurrency or Bitcoin price, so there is no official price for any exchange to display. The trading volume and liquidity are different at each exchange, and those differences…

The bitcoin network aims to add a new block to the blockchain about every 10 minutes. It is generally difficult for an individual bitcoin miner to successfully create a new hash for a block. They combine the computational resources of many individual miners to increase the chance of successfully hashing a block.

From the genesis Bitcoin block mined in 2009 with 50 bitcoins, more bitcoins have since been mined and released into circulation. Bitcoin mining ensures that blocks of…