Introduction to ICO ICO stands for Initial Coin Offering. As the name suggests, it refers to launching a crypto coin for the first time in the market to be able to be bought and sold. In the world of web3, whenever a crypto-based project or a company is looking to raise funds, they…

Introduction Consensus mechanisms are used to validate the transactions on a blockchain. This allows the transactions to be executed in a decentralised ecosystem while the validator network ensures an acceptable level of security for the network. What is Proof of Work? and What is Proof of Stake? are two of the…

What is a crypto wallet? We use and come across wallets daily in our life. Wallets are nothing more than a medium for storing things. Similarly, in the world of web3, wallets are used for the same purpose. In the decentralized world, a crypto wallet is defined as a software or a physical device that…

NFTs, in recent times, have gained a lot of attention and traction. NFTs, for a layman, is simply defined as “non-fungible token” which means that they are unique in their existence and can’t be copied. A fungible item is the one that can be replicated and has the same value…

NFTs, one of the most hyped terms in 2021, are defined as non-fungible tokens which are crypto-assets built and stored over the blockchain. NFTs represent the ownership of a digital asset such as artwork, music, memes, collectibles, etc. …

Introduction to ‘The Merge’ It’s 2022 and Ethereum is finally ready to hit the update. For the unknowns, Ethereum is a decentralized blockchain that supports smart contracts. It has a cryptocurrency called ether, which is the second-largest cryptocurrency in the world. …

Introduction to Ethereum Ethereum is defined as a decentralized, open-source blockchain project that enables developers to build applications and help users to interact with the same. It is commonly known for its cryptocurrency called Ether, which is currently the second-largest cryptocurrency by market capitalization. Ethereum, as a project, was started in 2015 by…

NFTs stand for “Non Fungible Tokens” which are defined as crypto-assets built and stored on the blockchain. For the layman, non-fungible means “unique” and fungible, as we all know means “very similar to one another”. Eg. A $10 bill is fungible in nature as every $10 bill denotes the same…

Introduction to Consensus Mechanism Blockchain, by its very nature, is a technology that relies on a distributed ledger system. It means that there’s no central authority controlling the operations of the chain. Fundamentally, every network needs a few controllers/ mechanisms so that the network functions smoothly. As in the case of a decentralized world…