zkEVMs are the latest groundbreaking technology in Ethereum scaling, but in order to understand zkEVMs we first need to understand what EVM means, as well as what zk means, so here’s the breakdown and at the end, we’ll tie it together. What Is Ethereum Virtual Machine (EVM)? Ethereum virtual machine is essentially a global virtual […]
zkEVMs: the groundbreaking solution for scaling Ethereum 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
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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
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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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The long-awaited merge to Ethereum 2.0 is slowly happening, but why is Ethereum merging and what else is happening aside from just the merge to proof of stake? The Issue Blockchains Currently Face There are three properties which every blockchain possesses: decentralization, scalability, and security. The issue that blockchains face is the ‘Blockchain trilemma’ which
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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
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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
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
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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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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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