How to earn free cryptocurrency?

Everyone wants to earn some cryptocurrency and getting some crypto can be an effective precaution against inflation and the banking system’s failure. Cryptocurrencies are one of the most popular digital assets. However, since they are risky, many investors want to get started by keeping their initial investments small. And for some, the idea of earning […]

What is proof of stake?

Decentralized cryptocurrency networks must ensure that no one spends the same money twice without a central authority like Visa or PayPal in the middle. To do this, the networks use something called a “consensus mechanism,” which is a system that allows all computers on a cryptographic network to agree on which transactions are legitimate. Proof-of-work […]

What Is Decentralized API (dAPI) and API3?

What is API3? dAPI (decentralized application programming interface) represents a highly established standard in software and app development. API3 provides an approach for the world’s information to be injected into blockchain applications with the ease and standardization provided by API connectivity. An Application Programming Interface (API) is completely defined and perfectly documented protocol that permits […]

How does Kwenta work?

Kwenta is a decentralized exchange (DEX) on which Synths can be traded (which can also be traded across a variety of DeFi protocols). In contrast to other DEXs, the exchange does not have an order book and instead applies peer-to-contract trading that implies all trades are executed against a smart contract. In other words, Kwenta […]

What is Trezor?

Trezor is a hardware wallet which provides high level security for dealing with Bitcoin and other cryptocurrencies private keys. In contrast to traditional cold storage approaches (offline storage or paper wallets), Trezor conducts secure payments without exposing one’s private keys to a potentially compromised computer. Trezor is a little single-purpose computer. It is designed to […]

What is Aave?

Aave is one of the most popular decentralized finance (DeFi) protocols that lets people lend and borrow cryptocurrency without the need for a centralized intermediary like a bank or exchange. It has been developed on top of the Ethereum blockchain. Users earn interest when they lend and pay interest when they borrow. Lenders earn interest by depositing […]

What is EIP-1559?

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 […]

What are crypto tokens?

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 […]

What is DAO?

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 […]