The Blockchain Trilemma is the term used to describe a struggle within the cryptocurrency realm to balance three essential pillars. By definition: “The trade-off between three critical aspects of blockchain technology – Security, Scalability, and Decentralization – where one aspect must be sacrificed in order to focus on the other two.” These three elements are […]
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Tokenomics, the shortened word for token economics, is an all-encompassing term to describe the science of how crypto assets derive their value. While tokenomics sounds like some term you would use to describe the coins you won at an arcade, It’s really the foundation for understanding the value of these seemingly fugazi assets that can
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Metamask is a decentralized wallet that is designed for secure crypto custody and peer-to-peer transactions. It can communicate with any wallet or smart contract so long as the blockchain used is supported. Getting Started Go to metamask or search for it in the App store. Click the “Download” button on the navigation bar as shown above. Follow
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Being around the crypto space, you would likely have heard the term Protocol from time to time. Protocols are a core piece of the internet from Simple Mail Transfer Protocol(SMTP), to HyperText Transfer Protocol Secure (HTTPS) and many more, but today we’re talking specifically about protocols in the context of crypto. So what is a crypto protocol? “A Crypto Protocol
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Transparency – or lack thereof – has become a prevalent talking point in crypto, especially since the Terra Luna and FTX market crashes. Why Lack of Transparency Is Bad For Crypto To understand why a lack of transparency is bad for crypto, the first thing to understand is that the vast majority of crypto assets
What Is A Blockchain? A Blockchain is a distributed ledger that is shared between a network of computers – more commonly known as nodes. Picture a network of 100 nodes that are all connected together and all of them have an identical copy of the distributed ledger. This allows for decentralization because if one of
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Consensus mechanisms What is a consensus model? A consensus model (also known as a consensus algorithm or consensus protocol) is a mechanism that networks of connected computers use to work in tandem to maintain security. There are various consensus models, and there are new ones being created all the time, with different features and benefits,
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Cryptocurrency Cryptocurrency is an encrypted digital currency that is secured through cryptography – which is essentially the use of codes to encrypt and thus secure data. Cryptocurrencies are stored and transacted on blockchains – a distributed ledger that keeps a record of all transactions to verify who owns what – and are virtually immune to
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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
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Smart Contracts have become a frequently recurring topic in cryptocurrency over the past year, especially on the Ethereum blockchain. Smart contracts are not just a cog in the machine of some blockchains, but rather an entire entity of technology in and of itself. What is a Smart Contract? While often associated with blockchain, smart contracts were
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