If you are into crypto trading, you need a Web3 wallet to store all your cryptocurrencies, NFTs, and other crypto assets. But, What’s a crypto wallet? and Why do we need one and What are its features?. Let’s explore. Oh, we kept a sweet thank-you bonus at the end! So, let’s get started. An Introduction […]
Imagine you are coding a program for a hackathon and you’re trying to win. But how do you win if you keep switching too many tools to create, compile, test, run, and debug your code? Well, an IDE is here to be your superhero, because not all heros wear capes.
What Is An IDE – Integrated Development Environment? Read More »
Computers are here to automate many tasks in daily life. Coders get to write their program within the system to create amazing applications. But writing the code is just step 1 in the creation of an amazing program. What the developers need is a virtual machine to test the code and it’s integrity. In this
Know About Virtual Machines and How They Are Useful in WEB3! Read More »
Encryption in blockchain technology converts plain text data into an unreadable format using mathematical algorithms. Also known as ciphertext, encryptions protect the confidentiality and security of the information on the block. Consequently, each block on the blockchain encrypts the data through cryptographic functions. The resulting ciphertext gets tagged to the digital ledger. Further, encryption secures
Proof of History is a consensus algorithm that improves the scalability and efficiency of blockchain systems. It uses a verifiable delay function to create a secure and unique timestamp. The timestamp for each block ensures that the order of the transactions does not change. This allows nodes to reach consensus quickly and efficiently without requiring much computational power.
Delegated Proof of Stake (DPoS) is a consensus algorithm in blockchain networks. DPoS helps to maintain consensus and validate transactions. In a DPoS system, token holders elect a group of validators or “delegates” to represent them and validate transactions. These delegates are responsible for verifying transactions and adding new blocks to the blockchain. Token holders can vote for validators,
2 months into 2023 and still looking for the best DeFi protocols for your DApps? Without further ado, let’s look into DeFi, its importance and the top 10 DeFi protocols in 2023. DeFi has been the prime essence of Web3 ever since Bitcoin came to existence with its immutable technology. Web3 has other features such
The Proof of Stake (PoS) is a consensus mechanism in Web3. Within the blockchain network, it validates transactions and secures the network. The Proof of Work (PoW) which requires nodes to perform an intensive task to validate transactions. Alternatively, the Proof of Stake allows nodes to validate transactions depending on how much a node is
Introduction Proof of Work (PoW) is a consensus algorithm used in digital ledger technology to secure transactions and prevent double spending. Many cryptocurrencies such as Bitcoin, Litecoin, Dogecoin utilize this consensus protocol. In PoW, nodes in the network compete to solve a computationally difficult problem. The first node to solve the problem adds a new
Imagine you could have digital contracts that can execute themselves whenever necessary, as the need arises. Well, these are Smart contracts. Since they already exist, you can stop imaging and let’s see the necessity, the features, and the working of a Smart Contract. Let’s go! What Is A Smart Contract? A smart contract is a