Unlike the rat race of proof of work mechanism, the proof of stake mechanism employs only a single runner with continuous races occurring back to back.Proof Of Stake (PoS) ExplainedHere the validators are required to stake their coins as security to become a part of the network. Becoming a miner only required one to own the tokens/coins on which the blockchain is based. Similar to proof of work anyone can join the network to become a miner but as the number of joinees grow, the cost to join g...

Unlike the rat race of proof of work mechanism, the proof of stake mechanism employs only a single runner with continuous races occurring back to back.Proof Of Stake (PoS) ExplainedHere the validators are required to stake their coins as security to become a part of the network. Becoming a miner only required one to own the tokens/coins on which the blockchain is based. Similar to proof of work anyone can join the network to become a miner but as the number of joinees grow, the cost to join g...

Blockchain is a hot topic, with people curious about its workings and its impact on the crypto market. Blockchain, in simple words, is a decentralised, distributed system that is responsible for keeping a record of all the transactions and maintaining transparency among its users as well. With Blockchain technology gaining popularity, it has seen its uses in various other aspects as well and has not only been restricted to the Crypto market.What are Forks in Blockchain?Every technology, be it...

Blockchain is a hot topic, with people curious about its workings and its impact on the crypto market. Blockchain, in simple words, is a decentralised, distributed system that is responsible for keeping a record of all the transactions and maintaining transparency among its users as well. With Blockchain technology gaining popularity, it has seen its uses in various other aspects as well and has not only been restricted to the Crypto market.What are Forks in Blockchain?Every technology, be it...

Decentralized exchanges are the future! With no central point of control, they are more secure and resilient to attack. This makes them perfect for trading cryptocurrencies. Let’s learn more about DEXs 👇What is Decentralized Exchange (DEX)?Decentralized exchanges are digital currency exchanges which do not rely on a third party service to hold the customer’s funds. Instead, trades occur directly between users (peer-to-peer) through an automated process. This type of exchange is also known as...

Decentralized exchanges are the future! With no central point of control, they are more secure and resilient to attack. This makes them perfect for trading cryptocurrencies. Let’s learn more about DEXs 👇What is Decentralized Exchange (DEX)?Decentralized exchanges are digital currency exchanges which do not rely on a third party service to hold the customer’s funds. Instead, trades occur directly between users (peer-to-peer) through an automated process. This type of exchange is also known as...

Web 3 in general is full of new and innovative topics. One such topic is Euler Protocol. Before diving deeper let’s first understand what DeFi is. DeFi stands for Decentralised Finance, which is considered to be proof of different financial activities like investing, lending, trading, etc. which can be done primarily on public blockchain technologies like Ethereum. It is very famous because of its trait of being faster and providing a clear peer-to-peer network. DeFi lending is known for bein...

Web 3 in general is full of new and innovative topics. One such topic is Euler Protocol. Before diving deeper let’s first understand what DeFi is. DeFi stands for Decentralised Finance, which is considered to be proof of different financial activities like investing, lending, trading, etc. which can be done primarily on public blockchain technologies like Ethereum. It is very famous because of its trait of being faster and providing a clear peer-to-peer network. DeFi lending is known for bein...

The crypto industry has been facing a bearish run for some time now and during this phase it has seen quite some calamities which include bankruptcy as well Some crypto firms have turned down their operations and some of the firms have declared themselves bankrupt, generating a possibility for acquisition. One such company failing to survive during these tough times is Celsius. Celsius has filed for bankruptcy and has been battling with the hearings but, it seems that the end will not be that...

The crypto industry has been facing a bearish run for some time now and during this phase it has seen quite some calamities which include bankruptcy as well Some crypto firms have turned down their operations and some of the firms have declared themselves bankrupt, generating a possibility for acquisition. One such company failing to survive during these tough times is Celsius. Celsius has filed for bankruptcy and has been battling with the hearings but, it seems that the end will not be that...

Proof-of-reserves audit matches on-chain holdings with balance sheets, ensures custodians' financial stability, and gives confidence to consumers. Let’s dive a bit deeper into what Proof of Reserves are and how are they important when we talk about cryptocurrencies.More about Proof of Reserves in Cryptocurrency:The phrase "Proof of Reserves" (PoR) refers to an external inquiry to confirm that the entity being audited has sufficient reserves to support all of its client balances.Credits t...

Proof-of-reserves audit matches on-chain holdings with balance sheets, ensures custodians' financial stability, and gives confidence to consumers. Let’s dive a bit deeper into what Proof of Reserves are and how are they important when we talk about cryptocurrencies.More about Proof of Reserves in Cryptocurrency:The phrase "Proof of Reserves" (PoR) refers to an external inquiry to confirm that the entity being audited has sufficient reserves to support all of its client balances.Credits t...

Making Transactions on ETH network can be expensive. This is where ZK Rollups and Optimistic Rollups come into play. The Ethereum Blockchain Network was very popular yet it faced major backlash because of its low transaction speed and high gas fees. If you wanted to conduct a DeFi trade, the Ethereum blockchain network forced you to pay at least $25 or more in gas costs for a single transaction. Rollups in blockchain combine several transactions into a single piece of data and upload it to th...

Making Transactions on ETH network can be expensive. This is where ZK Rollups and Optimistic Rollups come into play. The Ethereum Blockchain Network was very popular yet it faced major backlash because of its low transaction speed and high gas fees. If you wanted to conduct a DeFi trade, the Ethereum blockchain network forced you to pay at least $25 or more in gas costs for a single transaction. Rollups in blockchain combine several transactions into a single piece of data and upload it to th...

The internet has come a long way since its inception in the late 20th century. In the early days, the web was mostly used for simple information sharing and communication. But as time progressed and technology advanced, the web has become increasingly complex and powerful. This has led to the evolution of the internet.Web2 is the older version of the internet and is based on the traditional client-server model. In this model, users access information and applications stored on central servers...

The internet has come a long way since its inception in the late 20th century. In the early days, the web was mostly used for simple information sharing and communication. But as time progressed and technology advanced, the web has become increasingly complex and powerful. This has led to the evolution of the internet.Web2 is the older version of the internet and is based on the traditional client-server model. In this model, users access information and applications stored on central servers...

To maintain and increase readability, gas fees were incorporated into the decentralized system of transaction management in the Blockchain ecosystem. So, now let's start by understanding what does gas fee mean in crypto.Introduction to Gas Fees CryptoGas Fee is the fee being charged by the blockchain network for validation of your transactions on the network. Talking about the technical meaning of this word, on the Ethereum blockchain, gas is the charge needed to complete a transaction o...

To maintain and increase readability, gas fees were incorporated into the decentralized system of transaction management in the Blockchain ecosystem. So, now let's start by understanding what does gas fee mean in crypto.Introduction to Gas Fees CryptoGas Fee is the fee being charged by the blockchain network for validation of your transactions on the network. Talking about the technical meaning of this word, on the Ethereum blockchain, gas is the charge needed to complete a transaction o...

DeFi (decentralized finance) refers to financial services that run on smart contracts instead of relying on middlemen such as banks or exchanges. Banks and financial exchanges are black boxes. We know what utility they have but have NO clue what happens in the backend. DeFi’s goal is to create a more accessible and transparent financial system that puts control back in the hands of regular people. So, let’s compare DeFi (Decentralized Finance) and TradFi (Traditional Finance).DeFi vs. TradFit...

DeFi (decentralized finance) refers to financial services that run on smart contracts instead of relying on middlemen such as banks or exchanges. Banks and financial exchanges are black boxes. We know what utility they have but have NO clue what happens in the backend. DeFi’s goal is to create a more accessible and transparent financial system that puts control back in the hands of regular people. So, let’s compare DeFi (Decentralized Finance) and TradFi (Traditional Finance).DeFi vs. TradFit...

Given the weekly emergence of new cryptos, investors must grasp crypto components, such as AMMs, to explore the numerous possibilities available. AMMs have become a crucial instrument for buyers and sellers, allowing for comfortable and effective trading. This article will discuss what AMMs are, how they work, and how they impact the cryptocurrency market. We will also explore AMM's application in the liquid pool, trade-making, market pricing, automatic trade, and management. (Click here...

Given the weekly emergence of new cryptos, investors must grasp crypto components, such as AMMs, to explore the numerous possibilities available. AMMs have become a crucial instrument for buyers and sellers, allowing for comfortable and effective trading. This article will discuss what AMMs are, how they work, and how they impact the cryptocurrency market. We will also explore AMM's application in the liquid pool, trade-making, market pricing, automatic trade, and management. (Click here...

We all know what Blockchain has done to the online space over the years and what it is capable of achieving in the days to come. From cryptocurrencies to metaverse everything has added a lot of value to the lives of new-age investors and the lives of blockchain geeks as well. Finance has been given a whole new definition since Blockchain hit the markets. It is the reason our generation believes that not all currencies are physical and there are options with which you can make some good bucks ...

We all know what Blockchain has done to the online space over the years and what it is capable of achieving in the days to come. From cryptocurrencies to metaverse everything has added a lot of value to the lives of new-age investors and the lives of blockchain geeks as well. Finance has been given a whole new definition since Blockchain hit the markets. It is the reason our generation believes that not all currencies are physical and there are options with which you can make some good bucks ...