Latest opinions that Rohas Nagpal has shared on Finextra

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Rohas Nagpal

Chief Blockchain Architect

Hybrid Finance (HyFi) Blockchain

Member since

02 Oct 2016

Location

Wyoming

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Rohas's opinions

Introduction to the Solana Blockchain

Solana is one of the world’s cheapest and fastest public blockchains. It has a block time of 400 milliseconds and transaction fees of less than $0.01. Solana’s native token is SOL. Fractional sols are called “lamports” and each lamport equals 0.0000000000582 SOL. SOL can be: staked directly on the network delegated to validators in return for in...

28 January 2022 /crypto Blockchain in Banking and Financial Services

Introduction to the Fantom Blockchain

Fantom is a network of blockchains where transactions are finalized in a second and cost a fraction of a cent. Its main use cases include payments, digital identity, and medical records. Fantom uses a leaderless Proof-of-Stake consensus mechanism called Lachesis. The Lachesis consensus can be plugged into any blockchain and also powers Fantom’s Op...

28 January 2022 /crypto Blockchain in Banking and Financial Services

Introduction to Terra

Terra is the second-largest Decentralised Finance (DeFi) blockchain - after Ethereum. The total value locked (TVL) in Terra is over $15 billion. Terra is an open-source public blockchain protocol for algorithmic stablecoins. It enables the creation of fiat-pegged stablecoins that can be spent, saved, traded, or exchanged on the Terra blockchain. ...

27 January 2022 /crypto Blockchain in Banking and Financial Services

Introduction to Celo

Celo is a proof-of-stake mobile-first blockchain that "makes financial dApps and crypto payments accessible to anyone with a mobile phone". It has an average block time of 5 seconds and is Ethereum Virtual Machine (EVM) compatible. Celo uses mobile phone number mapping to public keys. Celo transactions are fast & light because the bl...

26 January 2022 /crypto Blockchain in Banking and Financial Services

Introduction to Polkadot

Polkadot is not a conventional blockchain. It is actually an ecosystem of interconnected blockchains called parallelized chains (parachains). Parachains are application-specific and they plug into a single base platform called Relay Chain. The Relay Chain does 2 main things: 1. It secures the parachains. 2. It contains Polkadot's consensus and vot...

25 January 2022 /crypto Blockchain in Banking and Financial Services

Introduction to Algorand

Algorand is a new-gen blockchain that is bridging the decentralized and centralized world of finance. Its native crypto is ALGO. Algorand Standard Assets run on the blockchain's "Layer-1" and include fungible, non-fungible, restricted fungible, and restricted non-fungible assets. Here's what I like the best about Algorand Standard Asset...

24 January 2022 /crypto Blockchain in Banking and Financial Services

Introduction to Polygon

The Ethereum blockchain is slow and costly. Polygon has a bunch of products and services to solve this problem. Polygon’s software development kit enables the building of Ethereum sidechains — blockchains linked to Ethereum via a two-way peg. These sidechains are of multiple types: 1. Bundling transactions into blocks which are batched into a singl...

21 January 2022 /crypto Blockchain in Banking and Financial Services

Introduction to Avalanche

Avalanche is a popular Decentralised Finance (DeFi) blockchain. The top DeFi protocols that run on Avalanche are AAVE, Trader Joe, Wonderland, Benqi, and Curve. What I like the most about Avalanche is that it lets anyone launch customized private & public blockchains. Avalanche, with a transactional throughput of more than 4500 tps, performs ...

20 January 2022 /crypto Blockchain in Banking and Financial Services

Introduction to Binance Smart Chain

Binance Chain, the first blockchain from Binance, is optimized for fast decentralized trading but lacks smart contracts and strong programmability. That's why Binance Smart Chain (BSC) was created. It runs parallel to the original Binance Chain, has smart contract functionality, and is compatible with the Ethereum Virtual Machine (EVM). BSC is an i...

19 January 2022 /crypto Blockchain in Banking and Financial Services

Introduction to Ethereum

Ethereum is NOT a blockchain. It's NOT a cryptocurrency either! It's actually a protocol (a set of rules or procedures) like "HTTP" or "HTTPS". Multiple independent blockchains run on the Ethereum protocol. When most people talk about Ethereum, they are talking about Mainnet - the primary public Ethereum production blockchain. T...

18 January 2022 /crypto Blockchain in Banking and Financial Services

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