Blogs

Below are blogs that I've written on topics covering blockchain technologies and cybersecurity. I look into how these technological advancements will change our lives today and what it means for all of us in the future.

Interested in possibly working together? Feel free to reach out via my contact page and let's chat!

In The News: Square Enix, Newest Gamin Giant to Join Oasys in Developing Blockchain Games

Michael Paulyn

Sep 12, 2022
1 min

In The News: Square Enix, Newest Gamin Giant to Join Oasys in Developing Blockchain Games

As of today, Square Enix, a renowned Japanese game development firm, has announced it's joining the blockchain gaming start-up Oasys. This partnership primarily focuses on delivering a premium user experience that could potentially shape the blockchain gaming industry for years. Square Enix, responsible for delivering over 173 million Final Fantasy games, is a world-class entertainment company looking to claim the top spot in the video game industry. Daiki Moriyama, Director

2 views0 comments

Issues withWeb3 Security and How to Tackle Them

Michael Paulyn

Sep 10, 2022
1 min

Issues withWeb3 Security and How to Tackle Them

As Web3 will take over the current version of the internet, this model uses decentralized protocols deployed on the blockchain and completed by applications known as smart contracts. With strong ties to the cryptocurrency sector using DeFi and the NFT market, web3 will change the world wide web in more than one way. As every interaction will involve spending some crypto, blockchain miners and validators will profit from processing every transaction completed on web3. The prob

2 views0 comments

3 Tips the Music Industry can Use to Help Lower NFT Speculation

Michael Paulyn

Sep 5, 2022
2 min

3 Tips the Music Industry can Use to Help Lower NFT Speculation

The NFT market has gone from soaring high to almost crashing and burning effectively in a very short period. As NFT investors look to make a quick return on their digital assets, this drive to expect massive growth is causing over-speculation on asset value. For most NFTs, the average value has gone down by 75% or more in just a few months; with prices plunging, many investors are losing faith in this trend that's turned some into overnight millionaires. A key reason for this

6 views0 comments

Michael Paulyn

Sep 3, 2022
1 min

Part 3: What Is Proof-of-Stake (PoS)?

Due to consensus mechanisms, blockchain technologies can carry out transactions, validate, and synchronize data. Even though each method has benefits and drawbacks, these all have been proven to be efficient in keeping a blockchain. The two algorithms, however, employ distinct methodologies. Block developers are recognized as validators in a PoS system. A validator analyzes transactions, verifies activity, casts their votes on conclusions, and keeps records. These creators in

8 views0 comments

UNITBOX - The Pioneering Rent2Earn Collateral-Free Protocol Based on the Revenue Sharing Model

Michael Paulyn

Aug 29, 2022
2 min

UNITBOX - The Pioneering Rent2Earn Collateral-Free Protocol Based on the Revenue Sharing Model

A Short Back Story As a platform leading the way for "Rent-To-Earn," UNITBOX is revolutionizing what it means for users to hold on to NFTs. While UNITBOX's main objective is to help lower barriers for start-ups looking to enter the blockchain gaming scene, UNITBOX DAO is also working on improving productivity conditions for the wider gaming industry. What makes UNITBOX, so incredibly unique is how this cutting-edge platform allows DeFi stakeholders to work together and make s

3 views0 comments

Study Shows the Most Googled Question in the Blockchain Space: "What is Cryptocurrency?"

Michael Paulyn

Aug 27, 2022
1 min

Study Shows the Most Googled Question in the Blockchain Space: "What is Cryptocurrency?"

Recent trends show that cryptocurrency is already beginning to revolutionize the personal finance world; a study by Crypto Wallet found that one of the most popular questions Googled about this area is "what is cryptocurrency?" In this report, Crypto Wallet reports that "What is cryptocurrency is by far the most asked question, with 121,000 average monthly searches, followed by "what is crypto" with 31,000 average monthly searches, for a total of 152,000 searches each month m

4 views0 comments

Warning from FBI: Watch Out for Fake Crypto Apps Looking to Steal Millions from Investors

Michael Paulyn

Aug 25, 2022
1 min

Warning from FBI: Watch Out for Fake Crypto Apps Looking to Steal Millions from Investors

The FBI has recently released a strong warning that there's a growing trend among cybercriminals developing fake crypto-themed apps with the hopes of stealing millions from investors. In this statement, the FBI explains they have "observed cybercriminals contacting U.S. investors, fraudulently claiming to offer legitimate cryptocurrency investment services, and convincing investors to download fraudulent mobile apps, which the cybercriminals have used with increasing success

3 views0 comments

Michael Paulyn

Aug 22, 2022
1 min

Part 2: What Is Proof-of-Stake (PoS)?

When it comes to the inner workings and mechanical side of proof-of-stake, it functions by decreasing the amount of work needed to be done by the computers to verify blocks and transactions. This process results in keeping the blockchain and the cryptocurrency completely secure. In simplified terms, those known as participants often referred to as "validators," will lock up specific amounts of crypto in a smart contract; known as their stake on the blockchain. The reward thes

7 views0 comments

In Uzbekistan, Crypto Miners are Using Solar Power to Get the Job Done

Michael Paulyn

Aug 20, 2022
1 min

In Uzbekistan, Crypto Miners are Using Solar Power to Get the Job Done

Recently, in the central Asian country of Uzbekistan, a presidential decree announced that crypto miners could begin using solar power to mine for cryptocurrencies. However, this new law would exempt all domestic and foreign crypto operations from paying income tax. A report from Reuters states that the Tashkent government is hoping miners will be able to generate power from their crypto farms with the help of solar panels. Furthermore, the government has permitted these mini

3 views0 comments

In Cambodia, the Use and Trading of Crypto Still Illegal

Michael Paulyn

Aug 15, 2022
1 min

In Cambodia, the Use and Trading of Crypto Still Illegal

The country of Cambodia, located in southeast Asia, announced that the issuing and circulation of crypto are illegal throughout the country. The Cambodian Ministry of Finance states that a newly released document clarifies its position within the Kingdom of Cambodia. While this document acknowledges that cryptocurrencies have enjoyed immense growth within fintech (financial technology) in the last few years, Cambodia will continue to stand behind this ban for the foreseeable

5 views0 comments

IMF Warns Any Countries Looking to Adopt Crypto as National Currency

Michael Paulyn

Aug 13, 2022
1 min

IMF Warns Any Countries Looking to Adopt Crypto as National Currency

Recently, the International Monetary Fund (IMF) warned countries looking to adopt Bitcoin or any other cryptocurrency as their national currency, saying: be careful; things could get messy. The IMF Managing Director, Kristalina Georgieva, stated that nations planning on switching their current legal tender to cryptocurrency are not advisable due to its extreme volatility. This announcement came after countries such as the Central Africa Republic and El Salvador officially sta

4 views0 comments

Spotify Letting Artists Promote NFTs: Testing Out New Feature

Michael Paulyn

Aug 8, 2022
1 min

Spotify Letting Artists Promote NFTs: Testing Out New Feature

Spotify announced that it's testing a new feature where artists can promote their NFTs within their profile on the platform. The audio streaming company hopes to have this new option up and running for a "very small group of artists." For interested users, this feature is mainly available for those throughout the United States using Android devices. How it works is users can preview NFTs via an artist's profile page; from there, they can tap or click through a selection and p

19 views0 comments

Balenciaga, Luxury Giant Now Accepting Crypto Payments

Michael Paulyn

Aug 6, 2022
1 min

Balenciaga, Luxury Giant Now Accepting Crypto Payments

In recent news, Balenciaga, the renowned luxury French brand, announced they'll offer customers the option to pay using cryptocurrencies on their online shop and in specific US retail stores. As it turns out, Balenciaga feels although the crypto marker shows a fair of volatility at the moment, this should calm down further in the long run. The announcement from Balenciaga reads, "the fashion house is still deciding what payment solutions provider it will use, but it will acc

6 views0 comments

According to the FTC Over $1 Billion Stolen from 50,000 People Since 2021

Michael Paulyn

Aug 1, 2022
2 min

According to the FTC Over $1 Billion Stolen from 50,000 People Since 2021

Lately, it might seem like crypto has gone mainstream with Bitcoin ATMs to ads for the Super Bowl selling these cutting-edge digital tokens. Where there is money, there are scammers. Since 2021 about $1 billion has been swindled from about 50,000 victims, based on numbers from the Federal Trade Commission (FTC). The FTC's report states that "since the start of 2021, more than 46,000 people have reported losing over $1 billion in crypto to scams – that's about one out of every

6 views0 comments

Meet DIA’s xFloor: Connecting DeFi with NFTs

Michael Paulyn

Jul 29, 2022
2 min

Meet DIA’s xFloor: Connecting DeFi with NFTs

We've all seen an NFT that looks like a second grader's macaroni art go for millions of dollars. But with xFloor, that's a thing of the past; with this incredible software, NFTs can accurately and reasonably be priced; nothing crazy here. Read on for a little more on xFloor and its inner workings. Say Hello to DIA xFloor: Connecting DeFi & NFTs The difference in xFloor's case is that it harnesses the power of smart contracts, resulting in a revolutionary data process method.

6 views0 comments

About the Crypto Market: US Congress Helps Legitimize Digital Coins

Michael Paulyn

Jul 24, 2022
2 min

About the Crypto Market: US Congress Helps Legitimize Digital Coins

If you've been reading the news lately, you might think the cryptocurrency market is falling apart. But there's a lot more to this area of tech, with the four sectors with the largest market capitalization, DeFi, smart contract platforms, and currencies all experiencing muted returns. In contrast, the market with lower capitalization saw high returns. For example, as of June 2022, Binance launched an ambitious $500 million fund to help propel web3 projects, while Solana propo

4 views0 comments

Crypto Market: Are We Headed for A Crypto Winter, or Not?

Michael Paulyn

Jul 22, 2022
1 min

Crypto Market: Are We Headed for A Crypto Winter, or Not?

In the last few weeks, the overall crypto market has climbed to new heights, rising over the $1 trillion mark, a sign some believe a recovery is on its way. While some investors were overjoyed to see these changes, this raises questions about how long this supposed bull market will last. Most cryptocurrency investors are two distinct groups: those in it for quick money and the second holding these digital assets for the long term, usually years, if not a decade or more. As Bi

8 views0 comments

According to Research by Chainalysis: Some Web3 DAO Ownerships Aren't Truly Decentralized

Michael Paulyn

Jul 17, 2022
2 min

According to Research by Chainalysis: Some Web3 DAO Ownerships Aren't Truly Decentralized

DAOs and much of blockchain technology have been hailed as a new way to democratize wealth, opportunity, and the internet. As luck would have it, some things don't quite work out as first intended, and for some DAOs, that's precisely the case. Recent research published by Chainanalysis states that although many decentralized autonomous organizations (DAOs) have developed structures that point to a future of decentralized governance, there are several issues with this proposed

5 views0 comments

Michael Paulyn

Jul 16, 2022
1 min

Part 1: What Is Proof-of-Stake (PoS)?

In crypto, proof of stake (PoS) is a consensus mechanism to process transactions and develop new blocks for the blockchain. A consensus mechanism is a tool to verify or validate each recorded transaction in a distributed database, ensuring all records are secure and authentic. Think of a proof of stake as a way to double-check each transaction, and this tool is critical because it makes the blockchain transparent and secure. It provides a high-level sense of trust amongst all

11 views0 comments

McKinsey: Metaverse is a $5 Trillion Opportunity, But Some Areas Still Unstable

Michael Paulyn

Jul 10, 2022
1 min

McKinsey: Metaverse is a $5 Trillion Opportunity, But Some Areas Still Unstable

McKinsey, the major consulting player, states the metaverse has the potential to be one of the greatest creators of wealth in the coming years. In a recent report, McKinsey illustrates this point, further explaining that by 2030 the metaverse could likely be worth $4 to $5 trillion, with its unique niches and sectors. The report says, "We estimate it may have a market impact of between $2 trillion and $2.6 trillion on e-commerce by 2030, depending on whether a base or upside

2 views0 comments