Cryptocurrency

15th September 2022 marks a new phase for the world’s second-largest blockchain. Ethereum finally switches from its old consensus mechanism to an environmentally friendly one. It took the developers more than 8 years to successfully transition to proof-of-stake. This has made Ethereum a...

The NFT market is less than five years old, but its popularity and price hike have been remarkable. The word NFT became the word of the year in 2021, chosen by Collins Dictionary. NFTs are evolving the way content is being created and...

Decentralized Finance (DeFi) is an open financial infrastructure based on smart contracts distributed on a blockchain platform, such as Ethereum. The functions such as custodianship, legalization and central clearing of transactions are regulated by smart contracts. The independence from a centralized authority and...

Smart contracts have revolutionized the decentralized finance system. Each day a more secure and efficient platform makes the headlines with a new set of protocols. The Ethereum ecosystem has managed to dominate the crypto market despite the high gas fee and relatively slower...

A blockchain network is celebrated for its most common attribute, called decentralization. But, how do we ensure that a decentralized peer-to-peer network with no centralized authoritative entity makes decisions? In the blockchain, we do it through consensus mechanisms. When it comes to data transfer...

Ethereum has been making headlines for its high gas fees. Yet, many of us might not be fully aware of what the transaction fee mechanism is. So, let’s take a closer look at the smallest percentage of Ethereum cryptocurrency. It is known as...

Decentralized finance is making headlines for releasing secure and efficient smart contracts while improving their protocols with every update. Yet, the Ethereum blockchain remains the number one platform in the market. But many users are complaining about the high gas fee of the...

Cryptocurrency and its diverse applications, such as DeFi, will likely dominate the future. Bitcoin was the first drop of water that sent out ripples into the world of cryptocurrency. It allowed the elimination of intermediary parties such as banks since individuals agreed on...

The first decentralized cryptocurrency, Bitcoin, was launched back in 2009. Since then, various other cryptocurrencies have followed suit. One such cryptocurrency is Dogecoin, created by software engineers Jackson Palmer and Billy Markus in 2013. Palmer and Jackson actually started Dogecoin as a satire.  They...

Bitcoin is a cryptocurrency introduced back in 2009. Satoshi Nakamoto is the false identity used by the author of this digital currency. He developed Bitcoin, developed the first blockchain database, and wrote the Bitcoin white paper as well. The real identity of the...