What Is Web3?

Web 3.0 is a term that was first coined and introduced by Gavin Wood, one of the co-founders of Ethereum. The concept of web 3 is based on cryptocurrency and blockchains which are specifically decentralized. In order to understand the meaning of web 3, we must first take a look at web 1 and web […]

What is gas in Ethereum?

People must pay a small fee for all transactions and smart contract executions on Ethereum. This fee is called Gas. Technically, Gas is the unit of measurement on the amount of computational effort required to execute an operation or a smart contract. More complex operations require more gas to fulfill. Gas fees are paid entirely […]

What are stablecoins?

The prices of cryptocurrencies are extremely volatile. It is common for cryptocurrencies to have more than 10% fluctuation in a day. To decrease this volatility, stablecoins which are connected to other stable assets such as the USD were created. Tether (USDT) was one of the first centralized stablecoins to be introduced. Every USDT is supposedly […]