The need to bring blockchains and networks together for practicality is more present than ever. With so many blockchains available yet disconnected, the ability and potential to take blockchain to a mainstream level is not recognizable. Interoperability is the operation of multiple blockchains working together. By accessing and sharing data cross-chain it makes the communication […]
Interoperability Is Crucial in 2022 Read More »
To validate and relay every transaction of cryptocurrency, a computer must be linked to that cryptocurrency’s network to support the verification process. This computer is a node. There are two types of nodes: full nodes and lightweight nodes. FULL NODES Each time a full node must verify a transaction, it receives a full copy of
EVERYTHING IS CHANGING, WHETHER YOU SEE IT OR NOT The internet plays a huge role in just about everyone’s lives these days. It’s been the centrepiece of a rapidly changing and evolving society. Web1.0’s simplicity mostly involved static information pages that you could browse but allowed no form of communication. Enter Web2.0 with the rise
To access crypto, it goes without saying that you’ll have to use some form of exchange. Though countless exchanges exist, there’s really only two kinds: centralized and decentralized. CENTRALIZED EXCHANGE (CEX) A centralized exchange is operated by a third party: the middle man. The exchange personnel conduct and oversee trades, assets, and personal accounts. When
The villain of the free world. The idea of replacing fiat – physical money such as paper and coins – with digital money has been talked about in recent months. The UK and Germany lead the conversation in the democratic world and they have a solution: CBDCs. It’s set to be one of the main
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Fees for transitions, gas, withdrawals, deposits, spread fees, maker & taker fees … they all add up. No one wants to spend two tanks of car fuel for the smallest transaction on Ethereum while they impatiently wait for Eth 2.0. Without further ado, here’s the top ten exchanges with the lowest fee. EXCHANGES RANKED BY
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RMRK – or remark – is a tricky one, but I’ll break this down as simply as possible. This is a metaverse based project offering an array of specific tools for use inside the metaverse. Some facts about RMRK: It was created in mid-2021 and is hosted on the Kusama network for now (Polkadots smaller
RMRK: the Adaptable layer 1 Read More »
Yes, there are crypto ATMs. Yes, cryptocurrency is a digital currency. Let’s explain what these are and why they’ve been circulating recently. The first Bitcoin ATM quietly appeared in public during October 2013. Since then, they’ve progressed slowly into shopping malls, main streets and airports globally. Although they’re still relatively uncommon there are about 34,000
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Yearn.Finance is perhaps one of the most interesting concepts in the DeFi world. Many noobs will visit the site and become overwhelmed by all the options Yearn seems to offer… Zap, APY, APR, Vaults, Earn, Cover, etc. Yearn Finance was a platform started by Andre Cronje, a visionary who built a simple platform that would
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Proof of Elapsed Time – PoET – a concept birthed by Intel Corp. in 2016, this blockchain function is regularly overlooked. Here’s what it is… • PoET is a blockchain consensus mechanism. • Its main function is to dramatically decrease energy through high resource utilization. • An algorithm decides the mining rights and block winners on a
Proof of Elapsed Time (PoET) a new consensus mechanism Read More »
