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, inv...

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, inv...

Hi, and welcome to a little wrapper for 2022 in The Web3 Girl! My name is Stella, and I am one of Alana’s Nucleus Guardians, among eleven other fantastic people. Although I officially founded the project around a year ago, I am pleased to say that I am no longer the sole driving force. This makes me very happy and proud! For those of you who don’t know who The Web3 Girl is, let me introduce the project to you in a few words. Alana, or The Web3 Girl, is a virtual avatar project that educates p...

Hi, and welcome to a little wrapper for 2022 in The Web3 Girl! My name is Stella, and I am one of Alana’s Nucleus Guardians, among eleven other fantastic people. Although I officially founded the project around a year ago, I am pleased to say that I am no longer the sole driving force. This makes me very happy and proud! For those of you who don’t know who The Web3 Girl is, let me introduce the project to you in a few words. Alana, or The Web3 Girl, is a virtual avatar project that educates p...

Last time, we discussed the different public blockchain networks available and the fact that there are other types of blockchains besides the public ones. This time, we will take a closer look at the different layers of Blockchain ecosystems such as Ethereum. The Ethereum Blockchain Ecosystem is pretty versatile, and one of the most developed ones out there, and it will make for a great example. To keep the information flow easy, we will avoid metaphors this time around as they introduce unne...

Last time, we discussed the different public blockchain networks available and the fact that there are other types of blockchains besides the public ones. This time, we will take a closer look at the different layers of Blockchain ecosystems such as Ethereum. The Ethereum Blockchain Ecosystem is pretty versatile, and one of the most developed ones out there, and it will make for a great example. To keep the information flow easy, we will avoid metaphors this time around as they introduce unne...

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...

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...

First of all, and to clarify, there is no such thing as ‘The Blockchain.’ There are actually hundreds of different blockchains. But to take it one step at a time, let’s look at the general concept of one blockchain, again utilizing a more relatable metaphor from the realms of fashion:Fashion Show = BlockchainImagine a fashion show where each model represents a block in the blockchain. As the models walk down the runway, they are wearing outfits that represent the data or transactions being re...

First of all, and to clarify, there is no such thing as ‘The Blockchain.’ There are actually hundreds of different blockchains. But to take it one step at a time, let’s look at the general concept of one blockchain, again utilizing a more relatable metaphor from the realms of fashion:Fashion Show = BlockchainImagine a fashion show where each model represents a block in the blockchain. As the models walk down the runway, they are wearing outfits that represent the data or transactions being re...

Do you know what DeFi is 👀? I bet you are curious, so let's get you up and running in an area of Web3 called Decentralized Finance! Let's try and look through the glasses of fashion 👗 and imagine a magical fashion world to represent the world of finance. Imagine a big, colorful fashion swap meet in a magical town where anyone can come to trade, lend, or borrow clothes and accessories. This is our metaphor for DeFi.In the regular 🏛 part of town, there are big fashion stores (like banks). Th...

Do you know what DeFi is 👀? I bet you are curious, so let's get you up and running in an area of Web3 called Decentralized Finance! Let's try and look through the glasses of fashion 👗 and imagine a magical fashion world to represent the world of finance. Imagine a big, colorful fashion swap meet in a magical town where anyone can come to trade, lend, or borrow clothes and accessories. This is our metaphor for DeFi.In the regular 🏛 part of town, there are big fashion stores (like banks). Th...

Last week, we talked about Blockchain as a general concept; this week, it is time to dig a bit deeper. As mentioned in "Blockchain Explained" (Article Link), there is not one Blockchain but, in fact, many different ones. Not all of them follow the same rules, and not all of them are publicly accessible. This time, let’s use some art 🎨 metaphors to examine different types and properties of Blockchains. When it comes to the different kinds of Blockchains, we can differentiate between four main...

Last week, we talked about Blockchain as a general concept; this week, it is time to dig a bit deeper. As mentioned in "Blockchain Explained" (Article Link), there is not one Blockchain but, in fact, many different ones. Not all of them follow the same rules, and not all of them are publicly accessible. This time, let’s use some art 🎨 metaphors to examine different types and properties of Blockchains. When it comes to the different kinds of Blockchains, we can differentiate between four main...