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 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 cryptocurrency and how does it work?

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 […]

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 […]