Jul 6What is an Initial Coin Offering and why do crypto projects opt for it? | FlintIntroduction 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…ICO4 min read
Jul 1What is Proof of History? | FlintIntroduction 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…Proof Of Stake2 min read
Jul 1What is the difference between hot wallets and cold wallets? | FlintWhat 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…Hot Wallet3 min read
Jul 1How to buy NFTs? | FlintNFTs, 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…Nft2 min read
Jul 1What are the top 5 NFT marketplaces and how do they work? | FlintNFTs, 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. …Nft Marketplace4 min read
Jul 1What is ‘The Merge’? Everything you should know about Ethereum’s long-awaited upgradeIntroduction 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. To validate every transaction on the blockchain, Ethereum currently uses a process called…Ethereum3 min read
Jul 1What is Ethereum? | FlintIntroduction 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…Ethereum3 min read
Jul 1What are NFTs and where can we use them? | FlintNFTs 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…Nft3 min read
Jul 1What are some popular consensus mechanisms and how do they work? | FlintIntroduction 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…Consensus Algorithm3 min read
Jul 1What is Proof of Stake? | FlintIntroduction In the world of decentralized networks, though there isn’t any one single authority controlling the network, there is still a requirement for the controllers to take charge of the operations on the chain, and/or to validate the transactions. To solve this issue, the concept of a consensus mechanism was developed. …Proof Of Stake3 min read
