Ethereum released the London hard fork upgrade in August this year. There was an upgrade which was a set of five Ethereum Improvement Proposals (EIPs). One of them was called EIP-1559 aimed mainly to increase the mining speed of its native currency Ether (ETH) and incentivizing it for its miners. A crucial aspect of the […]
Token and cryptocurrency are often used interchangeably because both are digital assets on blockchains. The most significant difference between a cryptocurrency and a token is that cryptocurrencies are the native asset of a blockchain like ETH on Ethereum blockchain, whereas smart contracts are used to build tokens on an existing blockchain. Tokens are very similar […]
Decentralized Autonomous Organization is an entity with no central authority. The decisions are made throughout the blockchain and it is governed by a set of rules which are enforced on the blockchain. DAOs are internet-native organizations collectively owned and managed by their members. There is no hierarchical authority in DAO and it can have many […]
In relation to blockchains, a wallet is anything that manages access to cryptocurrencies and tokens. Wallets keep valuables, credentials, and items for access rights (such as cash, licenses, credit cards, key cards) in one place, for easy access and use. On the blockchain, cryptocurrencies play a similar role to cash, while cryptographic tokens are a […]
Ethereum, as the world’s second most important blockchain was working on consensus mechanism Proof of Work (PoW). That was why, it was decided to change this mechanism to Proof of Stake (PoS). This change was an upgrade to Ethereum 2.0. This upgrade was intended to increase Ethereum’s capacity for transactions, reduce fees and make the […]
Ethereum is the second largest blockchain after Bitcoin. It’s the world’s programmable blockchain. It’s a decentralized blockchain platform that safely runs execution and verification application code which is called smart contracts. Smart contracts permit users to transact with each other without a trusted central authority. Ethereum is a permissionless, non-hierarchical network of computers (nodes) that […]
Cryptocurrency or simply crypto is referred to decentralized digital money which is based on blockchain technology. The most important and famous ones are Bitcoin and Ethereum and there are more than 5000 cryptocurrencies. Decentralized means that there is no central issuing or regulating authority and a system is applied to record transactions and issue new […]
WalletConnect is an open protocol for connecting desktop Dapps to mobile Wallets using end-to-end encryption with QR code scanning or deep linking. Unlike browser extensions or desktop wallets, users can securely interact with any decentralized applications. An end-user may use a mobile application such as Trust Wallet to connect to DApps and do transactions securely […]
The exchange of information from one cryptocurrency to another is essential. The market needs to overcome the communication problem between the oldest and the biggest cryptocurrency networks like Bitcoin and Ethereum. The solution is wrapped tokens. Wrapped tokens are cryptocurrencies that are implemented in a different blockchain and are able to work in a blockchain […]
What is liquidity pool? Liquidity pool is a pool of funds placed into a smart contract which provide liquidity for DeFi applications such as decentralized exchanges (DEX), lending and borrowing protocols. people who deposit tokens into a liquidity pool are known as liquidity providers. Individuals receive LP tokens in return of tokens deposited into […]
