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Matching Grants Explained
In our last article, we discussed Web3 grants in general and how they can help you drive your project forward. Today, let’s dive deeper into one specific one: Matching Grants. In the crypto space, grants fund projects, research, and development to advance blockchain technology, decentralized applications, and related ecosystems. Recently, more initiatives have been funded around creativity and marketing, as seen by Artizen and Octant. Matching grants are unique because they foster fundraising...
Matching Grants Explained
In our last article, we discussed Web3 grants in general and how they can help you drive your project forward. Today, let’s dive deeper into one specific one: Matching Grants. In the crypto space, grants fund projects, research, and development to advance blockchain technology, decentralized applications, and related ecosystems. Recently, more initiatives have been funded around creativity and marketing, as seen by Artizen and Octant. Matching grants are unique because they foster fundraising...
Web3 Grants Explained
We are currently in the midst of the Gitcoin GG22 Grant season, and it felt appropriate to tell you more about Web3-based grant systems. Similar to DeFi (Decentralized Finance), grants come with their native vocabulary, which is important to know in order for you to get involved. Generally, a grant is a financial award provided by an individual, organization, or government agency to a recipient, typically for a specific purpose, such as funding a project or research. Grants are a particular f...
Web3 Grants Explained
We are currently in the midst of the Gitcoin GG22 Grant season, and it felt appropriate to tell you more about Web3-based grant systems. Similar to DeFi (Decentralized Finance), grants come with their native vocabulary, which is important to know in order for you to get involved. Generally, a grant is a financial award provided by an individual, organization, or government agency to a recipient, typically for a specific purpose, such as funding a project or research. Grants are a particular f...
Proof-of-Work vs Proof of Stake
As you know from our last article, blockchain technology relies on consensus mechanisms to validate transactions and maintain security. Two of the most prominent mechanisms are Proof-of-Work (PoW) and Proof-of-Stake (PoS). To simplify these concepts, we will be using another set of metaphors from the creative world. Ready? Let’s go!Proof-of-Work: The Artisan's CraftMetaphor: A Master Artisan Imagine a master artisan creating a unique piece of art. This artisan must source rare materials,...
Proof-of-Work vs Proof of Stake
As you know from our last article, blockchain technology relies on consensus mechanisms to validate transactions and maintain security. Two of the most prominent mechanisms are Proof-of-Work (PoW) and Proof-of-Stake (PoS). To simplify these concepts, we will be using another set of metaphors from the creative world. Ready? Let’s go!Proof-of-Work: The Artisan's CraftMetaphor: A Master Artisan Imagine a master artisan creating a unique piece of art. This artisan must source rare materials,...
Consensus Mechanism Explained
In our article “Blockchain Explained,” we used the metaphor of a fashion show to describe the participants and mode of operation of blockchains. The blockchain was visualized as the runway, where the models (aka blocks) are initially lined up, and as they walk down the runway, they will be added to the end of the line, thus building a chain of models/blocks. The audience members represent the nodes (computers) in the blockchain network. They watch the models walk and have a written copy of th...
Consensus Mechanism Explained
In our article “Blockchain Explained,” we used the metaphor of a fashion show to describe the participants and mode of operation of blockchains. The blockchain was visualized as the runway, where the models (aka blocks) are initially lined up, and as they walk down the runway, they will be added to the end of the line, thus building a chain of models/blocks. The audience members represent the nodes (computers) in the blockchain network. They watch the models walk and have a written copy of th...
Centralized vs. Decentralized Exchanges Explained
We are back with more; this time, let’s have a look at centralized vs. decentralized cryptocurrency exchanges, how each works, and how they are different. Imagine two bustling marketplaces in a city, each with its own unique character and offerings. One is a large, well-organized mall, with security guards at the entrance and a central management team overseeing everything. The other is an open-air market with a huge variety of stalls run by individual vendors, each responsible for their own ...
Centralized vs. Decentralized Exchanges Explained
We are back with more; this time, let’s have a look at centralized vs. decentralized cryptocurrency exchanges, how each works, and how they are different. Imagine two bustling marketplaces in a city, each with its own unique character and offerings. One is a large, well-organized mall, with security guards at the entrance and a central management team overseeing everything. The other is an open-air market with a huge variety of stalls run by individual vendors, each responsible for their own ...
