What is Ethereum?

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 […]

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 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 smart contracts on Ethereum?

Smart contracts are tools that enable the users to conduct transactions without third parties. As discussed earlier, they are an alternative to EOAs and generally they are applied on Ethereum blockchain. Nevertheless, in Walliro users are able to apply smart contracts not only on Ethereum but also on other blockchains. A smart contract is a […]

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 […]