What is an NFT?

Non-Fungible Token or in short NFT, is referred to real-world objects such as art, music, in-game items and videos, that are presented via digital assets. When content is logged onto the blockchain, every transaction varying from transfers to sales is recorded on-chain, which creates an easily accessible ledger of provenance and price history. The main […]

Why is sidechain needed?

Blockchain network has become congested because of its popularity. This increases Ethereum network fees and also leads to two other major factors: speed and scalability that are making this technology very challenging. But still blockchain is favorable because of its immutability, transparency, and security reasons. Sidechains are mechanisms that are trying to solve the mentioned […]

What is Layer 2 Scaling?

As the number of users in Ethereum blockchain is increasing every day, there is a need to enlarge the network. This required enlargement is defined as layer 2 scaling on Ethereum network blockchain. This solution is going to prevent cost driving up. Scaling actually consists of different approaches that achieve the same goal. Nowadays, there […]

What is an oracle?

In these days, Oracles play a major role in the crypto world because they solve the problem of connecting blockchain to the external data sources, in other words, Oracles are any device or entity that connects a deterministic blockchain with off-chain data. They also relay messages and instructions from a smart contract to off-chain external […]

What is staking?

account that pays interest. people can stake a portion of their cryptocurrency holdings for a return on the investment would be paid in the native token.  Staking cryptocurrency is a crucial part of maintaining a proof-of-stake (PoS) blockchains like Ethereum 2.0. Actually, staking is where the assets are pledged to employ a  proof-of-stake (PoS) consensus mechanism […]

What are ERC tokens?

What is a token? Many people assume tokens and coins are the same, but that’s not correct. While they are often compatible with the cryptocurrencies of that network, they are a wholly different digital asset class. Tokens are units of value that we create on top of existing blockchain networks while Cryptocurrencies are the native asset […]

What are the benefits of DeFi?

DeFi offers lots of advantages to businesses and end users which the key benefits include: 1. Accessibility: Users, regardless of their social status, can conduct financial operations without third-party institutions while DeFi applications ensure their transaction security and transparency because of decentralization. The decentralized approach provides easy access to financial services for everyone. Moreover, DeFi […]

What is a blockchain?

Blockchain is a ledger that stores the data of any type. In other words, it is a creative database technology which is the base of almost all cryptocurrencies. Since it’s a system of recording information, it is difficult or even impossible to change, hack or cheat the system. A blockchain is a digital ledger of […]

What are DEXs?

Although Centralized Exchanges (CEXs) have the possibility of large trades with plenty of liquidity, it is still risky because users do not have ownership of their assets in exchanges. There are a lot of examples of leaked login information and stolen cryptocurrencies in these days. Decentralized Exchanges (DEXs) decrease such risks by using of smart […]