In June 2019, work began on Optimism – a scalability solution designed to lower the cost of using Ethereum and to simplify its use. The layer 2 scaling solution was officially launched over 2 years later in December 2021 and is now leading the way for scaling solutions on Ethereum. What Optimism does Optimism is […]
Ethereum’s No.2 rollup: Optimism Read More »
Ethereum has solidified its own status as a leading network in the blockchain industry. With Ethereum’s rise of popularity and market dominance (which translates to an increase of user activity) comes the cost of scaling. Scalability has been a big issue that drags Ethereum’s momentum, with gas fees being an ongoing issue for several consecutive
What are Optimistic Rollups Read More »
Tornado cash has been swept up in a storm of controversy and confusion amidst sanctions from the US treasury accusing Tornado Cash of being a money laundering tool. Let’s begin with what exactly Tornado Cash is, followed by all relevant information involved in the situation. What is Tornado Cash? Tornado Cash is a popular mixing
Tornado Cash: unraveling the controversial sanctioning Read More »
Decentralized Finance (DeFi) is the grouping of financial based blockchain applications that operate without any centralized control – such as a board, administration, or a third party. DeFi is the evolving peer-to-peer financial system that is open source, transparent, and permissionless. Now onto lending. What is lending? An individual or party loaning a sum of
There’s no denying Ethereum and DeFi (Decentralized Finance) are two entities in the world of crypto that have great expectations. As the Ethereum merge progresses, the opportunity for projects to fill financial needs in Ethereum’s DeFi ecosystem open. One such project in Ethereum’s DeFi network is Lido DAO (Decentralized Autonomous Organization). Launched in December 2020, Lido DAO
Lido DAO & liquid staking Read More »
Often mentioned as a component to a blockchain network, Protocols are frequently mixed up with separate blockchain components, especially dApps. These both serve a blockchain network in different ways, yet may seem quite similar from a quick glance. Let’s compare these basic definitions of both: What is a dApp? A dApp is a decentralized application that
Understanding blockchain Protocols Read More »
The base layer blockchain isn’t too complex of a technology to understand. The base layer is the core chain – the blockchain – that sets the network rules and consus. Any other dApps, protocols, and layer 2 chains allowed to build on the base layer rely upon it to function. Layer 2 chains are more
The Crucial Components of a base layer blockchain Read More »
The word Cosmos is synonymous with the word universe, which is exactly what Cosmos (ATOM) is creating in the crypto industry. Cosmos is a layer 1 cryptocurrency that powers an ecosystem of blockchains. It is structured in a way to scale blockchains together and allow them to interoperate and communicate with outside blockchains, bridging them to the network.
The Cosmos Ecosystem Read More »
Founded as a machine learning project in 2017, Near Protocol has slowly climbed its way up, evolving into a layer1 blockchain project the year following its launch. The platform is a POS (Proof-of-Stake) based blockchain, and as a base layer blockchain, it allows dApps to be built on top of it. Near has easy creation
NEAR protocol: the machine learning project turned blockchain Read More »
Most people today involve themselves heavily in a digital environment. Whether it’s hobbies, home life, work, or other reasons, most people have quite a lot of data and personal information they wish to store. Storage clouds are the best way to save, preserve and keep large amounts of data/information. In 2017, the storage cloud industry
Cloud enhanced by blockchain Read More »
