Tag: Blockchain

Understanding the types of blockchain: Public vs Private Blockchains

Technology can disrupt nearly every industry, including financial services, healthcare, and cybersecurity. Blockchain is a distributed digital ledger that records transactions across a network of computers, but no single person or entity controls the system. Bitcoin is the first and most prominent application of blockchain technology, but many other industries have embraced this method. This… Continue reading Understanding the types of blockchain: Public vs Private Blockchains

Latest Trends: DeFi, MetaFi, and the Future of Finance in a Virtual World

There are already parallel worlds built with metaverse technology, like immersive malls and cafes on the blockchain. In addition, Starbucks recently introduced the NFT loyalty program in collaboration with the Polygon network. The virtual realm, the metaverse or cyberspace, is a new frontier for innovation and creativity. But, the metaverse is about more than gaming… Continue reading Latest Trends: DeFi, MetaFi, and the Future of Finance in a Virtual World

Web 3.0 explained: how it will transform businesses in 2023

The internet has undergone tremendous transformation since its inception, from the dot com to the release of social platforms like Facebook. Now, we are on the threshold of a technological revolution. But what does this new paradigm mean for businesses? This blog will delineate the evolution, features, and benefits of Web 3.0 and current business… Continue reading Web 3.0 explained: how it will transform businesses in 2023

Web 2 vs Web 3: What’s the Difference and Why It Matters?

Blockchain enthusiasts have encountered the terms Web 2 vs Web 3 and they relate to blockchains. Unfortunately, it is sometimes difficult to distinguish between Web 2.0 and Web 3.0. In the following discussion, you will learn about some of the differences between Web 2.0 and Web 3.0 technologies that may help you determine whether your… Continue reading Web 2 vs Web 3: What’s the Difference and Why It Matters?

Crypto Launchpad Development: Steps to Take Before Building a Launchpad

Funding projects are difficult for entrepreneurs and businesses. Creating a crypto launch pad is the first step to raising funds. The next generation of ICO launch platforms is called white-label, and they provide services that cater to people who wish to run a project on a particular platform. The demand for ICO launch platforms is… Continue reading Crypto Launchpad Development: Steps to Take Before Building a Launchpad

MetaFi: A Decentralized Finance (DeFi) for Metaverse

MetaFi is the synthesis of two words – Metadata and Defi. Metadata defines ownership of assets. Without Metadata, we cannot track ownership or verify transactions. In addition, Metadata provides details about other information like photos we capture on the phone, show date, and resolution. Just like that, every blockchain transaction has its Metadata. On the… Continue reading MetaFi: A Decentralized Finance (DeFi) for Metaverse

Web3 Gaming: How Blockchain Technology is Disrupting Gaming Ecosystem

The gaming industry is growing tremendously. The trend of Web2 is going to experience a significant transformation with the rise of Web3. Blockchain and decentralized technologies have ushered in a new era for gaming. In this blog, we’ll explain the factors of Web3 gaming and its role in transforming the gaming industry. Overview: The essence… Continue reading Web3 Gaming: How Blockchain Technology is Disrupting Gaming Ecosystem

Cold Wallets vs. Hot Wallets: Which one is better?

Storing your cryptocurrency on an exchange is one of the least secure ways to keep it. Most crypto traders have been affected by hacking incidents or exchange shutdowns at some point in their trading careers. That’s why selecting a crypto wallet is so crucial. Several types of crypto wallets are available, each with its benefits.… Continue reading Cold Wallets vs. Hot Wallets: Which one is better?

What are the 6 real-world examples of smart contracts?

As mentioned in the last blog, a smart contract is simply a digital record of an agreement between two parties. Based on predetermined algorithms, these contracts effectively execute a contract’s terms without requiring third parties’ assistance.  “Smart contracts” have become synonymous with cryptocurrencies in recent years. Unfortunately, most people are unaware of smart contracts, although… Continue reading What are the 6 real-world examples of smart contracts?