Different blockchains are suffering from a lack of scalability, which limits their efficiency. Blockchain users expect transactions to be completed quickly and without error. Transaction speed is usually slow in chains with poor scalability, and gas fees are high....
People use cryptocurrencies for a variety of reasons, among the most important of which are privacy and anonymity when conducting transactions. These are some of the ways in which the Decentralized Finance (DeFi) space differs from traditional finance (TradFi). ...
Scalability is a recurring problem in some blockchains, resulting in congestion, high gas fees, and slow transaction speeds. Scalability refers to how much a network can expand without sacrificing transaction output or speed. Some blockchains, such as the formerly...
Blockchain is a cutting-edge technology that is transforming numerous industries. It is the birthplace of many innovations, such as smart contracts, decentralized finance, NFTs, Decentralized Autonomous Organizations (DAOs), and Play-to-Earn (P2E) games, among others. Multiple sectors are benefiting from...
Unlike bitcoin, which can be sold almost immediately, the NFT industry is more liquid. It can take months for someone to buy another user’s NFT. This challenge brings about the need for financial instruments in the NFT industry. Also,...
As a result of market conditions, crypto enthusiasts experience a range of emotions. During a bull market, the value of most cryptocurrencies skyrockets, instilling fear of missing out in investors. FOMO is an acronym for "Fear of Missing Out,"...
As the crypto space expands, new cryptocurrencies emerge. Some are intended to serve as the keys to decentralized finance (DeFi) platforms. Some cryptocurrencies' use cases are linked to NFT platforms and their functionalities. In some situations, a coin may...
As blockchain technology continues to establish itself as a new cornerstone of the global economy, its decentralized network architecture faces a unique problem known as the Blockchain Trilemma (which comprises decentralization, security, and scalability). "Blockchain decentralization" refers to the...
Introduction Blockchain works in the same way that the Internet does, with interconnected computers called nodes storing and independently verifying shared data. It is essentially a non-alterable ledger distributed across a network of computers. Blockchain has three key attributes:...
In the blockchain space, forks happen for different reasons. A fork may occur as a result of the requirement to implement a protocol update. For example, the Alonzo hard fork was conducted to integrate smart contract functionalities into Cardano....
