If you've interacted with DeFi or NFTs on Ethereum, you've probably noticed how high gas fees and slow transactions can be. That's the cost of decentralization. Blockchain and other distributed ledger technologies are designed to be slower and more expensive than centralized alternatives. Some of the best minds in the world are currently working on ways to make cryptocurrencies … [Read more...]
Vitalik Buterin: The man who co-created Ethereum
Who is Vitalik Buterin: The Man Who Co-Created Ethereum Vitalik Buterin is a Russian-Canadian writer and programmer best known for his work on the cryptocurrency Bitcoin. He first became involved in the Bitcoin community in 2011 when he co-founded the magazine Bitcoin. He is mostly known for his work on Ethereum, a blockchain platform that serves as a decentralized computer for … [Read more...]
Tapping Into Tokenization for Fresh Ideas: Changing Finance, Gaming and More
The digital record-keeping technology known as blockchain, which is used by Bitcoin and other cryptocurrency networks, has the potential to change the financial world. Promise is held in another area which is supply chain management. Blockchain technology can streamline supply chains by making deliveries faster and more affordable, increasing transparency of product origins, … [Read more...]
Blockchain and the evolution of business models in the game industry
The first computer games were developed in the late 20th century with the primary goal of providing entertainment to players. The first goal was to take players away from their everyday lives and into a fantasy world. Games began to take up more time than traditional forms of entertainment, such as movies, circuses, theater performances, zoos, etc. There are currently over 6 billion … [Read more...]
Bitcoin Mining’s Electricity Bill: Is It Worth It?
What Is Bitcoin Mining? Bitcoin mining is the process by which new bitcoins are entered into circulation. The network confirming new transactions is critical for the blockchain ledger's maintenance and development. "Mining" is the process of using sophisticated hardware to solve an extremely complex computational math problem. The computer that is the first to find the solution to the … [Read more...]
How Hard Is It to Become a Smart Contract Developer?
Blockchain developers are in high demand due to the amount of money flowing into projects related to blockchain technology. ICOs have been a major driver of this capital injection, leading investors to believe that these developers must be extremely talented in order to be able to create successful applications. I am here to tell you that you can do it too! I went from having no coding … [Read more...]
Decentralized Data Marketplaces – Blockchain and Privacy
In 1998, when Greg Linden applied for a patent for "item to item collaborative filtering", he could not have imagined the social impact it would have. Previously, Amazon had used data based on an individual's purchases to recommend a product they might like; However, this approach was inefficient because it recommended things that were extremely similar to what the customer had … [Read more...]
Oracles: Getting Real-World Data into the Blockchain
What Are Blockchain Oracles & Why Do We Need Them? One of the challenges of managing a blockchain is dealing with the divide between off-chain and on-chain data. An oracle is a tool that can be used to connect real-world information with blockchain activities, making it easier to use blockchains in everyday life. Oracles offer a wide range of possibilities for users of … [Read more...]
PUSHing Web3 Forward: What is EPNS and why should you care?
What is EPNS? The Ethereum Push Notification System (EPNS) allows users to subscribe to notification channels without needing to store data on centralized servers. This prevents any one entity from being able to censor or control user data. Until now. . What EPNS does is introduce a new, decentralized middleware system. This communications layer for Web3 allows users to subscribe … [Read more...]
Looking Onward for Crypto Gaming
The gaming industry is seeing a surge in the number of blockchain-based games. This technology has opened new opportunities for businesses that want to create decentralized gaming apps. The global gaming market is projected to grow by $125.65 billion from 2020 to 2025, increasing at a CAGR of 12.40%. The integration of Blockchain technology in gaming apps is the significant … [Read more...]