The Proof of Work and Proof of Stake consensus mechanisms are the two most used for blockchains in the cryptocurrency space. The traditional Proof of Work consensus is the first to have been used in blockchain technology having been adopted by the Pseudonymous Satoshi Nakamoto for Bitcoin (the first cryptocurrency). While the two biggest cryptocurrencies Bitcoin and Ethereum are using…
Avalanche Network sets a new standard for speed, security, scalability, and decentralization in blockchain technology. Unlike many other platforms for smart contracts and decentralized applications, Avalanche delivers on these essential features, making it an ideal choice for developers and users alike. This Post Contains What Is Avalanche? Brief History Of Avalanche Blockchain. How Avalanche Network Works. Avalanche (AVAX) Tokenomics. AVAX…
Unlock the Potential of Third Generation Cryptocurrencies with Cardano: More Scalable, Secure, and Energy Efficient than Bitcoin and Ethereum. One of these innovative blockchains is Cardano, a blockchain that uses the Proof of Stake consensus mechanism to validate transactions. This Post Contains What Is Cardano? Brief History Of Cardano. How Cardano Works. Cardano (ADA) Tokenomics. Cardano (ADA) Statistics. Is Cardano…
Discover the utility of NFTs beyond art and how Cardano cryptocurrency mining can benefit from them. Learn more about NFTs and their potential uses. However, in a bid to address this misconception about NFTs, many NFT projects have been launched on NFT marketplaces and blockchains. These NFTs come with specific Use cases such as staking to earn cryptocurrency, farming, solving…
Custodial and non-custodial wallets are the two main types of cryptocurrency wallets. A custodial wallet stores your private keys and cryptocurrencies on a centralized platform, while a non-custodial wallet gives you complete control of your private keys and assets. Understanding the differences and benefits of each is crucial when it comes to securing your cryptocurrency. However, as cryptocurrency popularity continues…
Decentralized Autonomous Organizations, are transforming the finance industry by governing DeFi ecosystems, NFTs, Play-to-earn games, and other blockchain-based protocols. As Cryptocurrencies and DeFi continue to surge in popularity, DAOs provide a solution to ensure decentralized and transparent governance. Explore how DAOs are changing the way companies are governed. This Post Contains What Is A DAO (Decentralized Autonomous Organization)? Brief History…
Polkadot Network is a next-generation blockchain platform that connects different specialized blockchains into a unified network. Discover how it works and its potential to revolutionize the blockchain industry. This Post Contains What Is Polkadot Blockchain? How Polkadot Blockchain Works. Relay Chain. Parachains. Consensus Algorithm– Nominated Proof-of-Stake (NPoS). Nominators. Validators. Collators. Fishermen. Polkadot (DOT) Tokenomics.  Coin Statistics. Conclusion. However, for the…
Solana, a high-performance blockchain platform designed to handle decentralized applications at scale. Learn how Solana’s unique architecture and cutting-edge technology make it one of the fastest and most efficient blockchain platforms available today. Since the launch of the leading blockchain as an open-source blockchain with smart contract functionality for the creation of decentralized applications, we have witnessed the use of…
DeFi scams are a worrisome trend in the Cryptocurrency space. From Hackers looking to breach the security of DeFi protocols and exploit bugs in smart contracts to scammers who plot to exploit unsuspecting investors and run away with their funds. This Post Contains Popular DeFi Scams And How To Avoid Them. ICO (Initial Coin Offering) Scams. How To Detect Fake…
Discover Gala Games, a blockchain-based gaming platform where players can own, trade, and earn real value for their in-game assets. Explore the world of decentralized gaming and learn how Gala Games is revolutionizing the gaming industry There are approximately 2.7 billion Gamers worldwide and combined Gamers spent $180.3 billion in 2021 on video games and in-game assets. For the most…
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