Ordinals–a new buzz word in the crypto space and one that garnered much attention in the past month. But what are Ordinals and how do they work? Ordinals is a new protocol deployed on Bitcoin to create non-fungible inscriptions on each Satoshi. Here’s how it works: Each Bitcoin has 100,000,000 smaller units called satoshis – abbreviated as […]
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What is Sharding? Sharding is the process by which a database is split horizontally to spread out the data to make computations more efficient. Take Ethereum for example, sharding could be introduced as a scalability method to increase transaction speeds. It would split the network into a predetermined number of shards, which takes the mainchain’s database
Sidechains were first proposed in 2014 in an academic paper written by Dr. Adam Black, “Enabling Blockchain Innovations with Pegged Sidechains.” The theory behind sidechains was to create scalability on the larger blockchains like Bitcoin and Ethereum. Some of the most popular sidechains include Loom and Polygon. How Sidechains Operate As the biggest blockchains grow
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Merkle Trees and Roots was a mathematical concept first proposed in the earlier days of computer science by Ralph Merkle. His theory was simple: verify the integrity of data as efficiently as possible. Fast forward to today and his concept has been applied to blockchain as we know it. It’s a highly technical concept but
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In the world of Layer 2’s, there are a lot of new technologies that all try to solve the same problem with Ethereum: scalability. There are four better known technologies that each have a different approach and software type: ZK Rollups, Optimistic Rollups, Plasma, and Validiums. Validiums are most like JK-Rollups but differ in a
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ZetaChain claims to be the first public blockchain for multichain interoperability without using bridges or other solutions to interact with different networks. ZetaChain brings all of the action to one omnichain platform while using the proof-of-stake consensus system for maximum efficiency. Founded back in February of 2022, ZetaChain seeks to become the native provider of
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“The Future of Funding,” Vent Finance, is bringing a new product to the web3 space. Vent Finance founder Lucas Mateu sat down with Entrepreneur Magazine to talk about his new company. Vent Finance looks to transform the incubator market for blockchain projects, whatever sector or type they may be. Like Kickstarter, the company lists startups
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The traditional finance world is centuries ahead of blockchain as far as its systems go, but blockchain technology offers new ways to do things related to finance only more efficiently. Loans in traditional finance come in many different ways, personal and credit cards are credit loans and mortgage and auto loans are based off of
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Litecoin, often heralded as the silver of crypto to Bitcoin’s gold, is making a move to attempt a revival of the blockchain program. Its performance, when compared to other popular blockchain veteran protocols, has been quite underwhelming. Litecoin announced recently that they would be adding privacy elements to the chain in an effort to appeal
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Crypto punks turned 5 years old on June 9th. Released during the market highs of 2017, John Watkinson and Matt Hall started Larva Labs, the think tank and concept creation point. The project has come a long way from an all but failed launch with only a few sales to fast forward 5 years and
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