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Why buy an NFT: Community membership

One of the most misunderstood aspects of non-fungible token (NFT) ownership has steadily turned into one of its biggest draws. While some are solely focused on the media the NFTs represent, others are exploring what it means to be the rightful owner of that piece of media. Within most NFT collections, there is a fixed…

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Everything you need to know about the Ethereum Cancun upgrade

Ethereum Cancun-Deneb (Dencun) is the next planned upgrade to the Ethereum blockchain. The upgrade will improve the scalability, security, and usability of the Ethereum network. Cancun represents an additional upgrade to Ethereum’s execution layer following the recent activation of Shanghai. This first step went live at epoch 194048, on April 12. Deneb represents the upgrade…

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Kraken testifies before Congress to push for effective crypto regulation

May 10, 2023 | News Today at 9:30am EST, Kraken’s Chief Legal Officer Marco Santori will appear before the U.S. House of Representatives in a landmark joint hearing entitled “The Future of Digital Assets: Closing the Regulatory Gaps in the Digital Asset Ecosystem.” “Advocating for the potential, and benefits, of crypto asset technology is central…

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How Kraken supports our clients

Terms like “client obsessed” and “client-centric” get thrown around a lot these days. At Kraken, these are more than just buzzwords. Since launching over 11 years ago, the support experience of our clients has been a fundamental differentiator at Kraken. Client support led by crypto-passionate specialists from around the world has been, and will continue…

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Scaling Kraken’s trading infrastructure for the next decade of growth

Authored by: Shannon Kurtas, Product Director, Pro & Institutional TradingMax Kaplan, Sr. Engineering Director, Core Infrastructure & Data EngineeringSuketu Gandhi, Sr. Engineering Director, Trading TechnologySteve Hunt, VP Engineering Nearly twelve years ago, Kraken began its pioneering mission to become one of the first and most successful digital asset exchanges. We started trading only four cryptocurrencies,…

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NFTs 101: Identity expression with PFPs

There was once a time when displaying an image of your real face on social media was standard practice. A holiday photo, a mugshot, a pic of you and your pug; these were all commonplace ways of showcasing yourself to the world. But that time has passed, and a new era of social signaling has…

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Crypto 101: What is a consensus mechanism?

A blockchain consensus mechanism is a type of automated system that aims to accomplish two objectives: Provide a distributed, leaderless way to unanimously agree on data stored on a blockchain ledger. Make sure all network validators follow the rules of the protocol and perform their roles honestly. While it may be tempting to trust a…

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Busting Crypto Myths: You don’t own anything when you buy an NFT

For the uninitiated or crypto-curious people out there, non-fungible tokens (NFTs) represent one of the more colorful sectors of the cryptocurrency industry. How is it that duplicable, oftentimes wacky pieces of digital artwork can fetch extraordinarily high prices, and why are people flocking to buy these intangible items? It’s certainly a difficult topic to get your head…