Solana is often branded as a competitor and alternative blockchain to Ethereum. The project was founded in 2017 by The Solana Foundation based out of Switzerland. Solana is a Layer 1 blockchain hosting around 350-360 applications & tools. Solana aims to solve the issue of scalability. For context, blockchains have three qualities: Decentralization, security, and […]
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Scaling is one the biggest unresolved issues in crypto, especially on the Ethereum Network. Arbitrum is a recent attempt on Ethereum to combat the current fees, and it’s been quite successful. To put numbers in perspective, Arbitrum is the 7th Largest blockchain globally ranked by total locked value. Despite 2022 being one of the harshest years
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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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The Problem Since the first mainstream iteration of blockchain in 2009 – Bitcoin – there has been a plethora of layer 1 blockchains launched with unique benefits and drawbacks. While the innovation and competition are fantastic, the current landscape of the crypto ecosystem is hindered from functioning at its maximum potential due to one key
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Privacy is a core value in the blockchain space. Monero – a privacy-centric cryptocurrency – was the first of its kind. It was born from the blockchain project “CryptoNote”, where the dispute ensued between the founder and several core community members over future privacy plans. CryptoNote was forked, and a majority of users migrated along
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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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The Ethereum merge was SUCCESSFULLY completed over the last week. The monumental event stirred a frenzy across the crypto space in anticipation, and today we’ll cover what exactly has changed to benefit the Ethereum network. Core Merge Changes So Far The change from Proof-of-Work to Proof-of-Stake is the most significant change with the Ethereum merge. Now the Eth network
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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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