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Breaking Down Ethereum & Scalability: Layer 2 (L2) Sidechains

Breaking Down Ethereum & Scalability: Layer 2 (L2) Sidechains

Ethereum is renowned for its programmability and is currently home for approximately 3000 DApps and 5000 smart contracts. Though this number calls for a big shout out, it could have been much more extensive. The dearth in blockchain such as scalability, cost and relaxed transactions are capping the DApps from choosing Ethereum. What next?? Thanks to the blockchain fanatics. Researchers in the domain have come up with various ideas to solve the scalability issue. Some straight suggestions are: changing the consensus mechanism, optimizing […]

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Blockchain and The Metaverse: An Entangled Link

Blockchain and The Metaverse: An Entangled Link

With the maturing of blockchain technology, many concepts that early existed as theories are now starting to take shape. The blockchain products such as cryptocurrencies and NFTs have made it possible to build a fully functioning economy inside a virtual world where you can buy and sell any virtual assets. A lucky few have proactively figured out how to rake in boatloads of cash by selling virtual lands, digital art objects, etc. Now the latest […]

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Ethereum 2.0: A Brief Encounter

Ethereum 2.0: A Brief Encounter

The Ethereum ecosystem is growing by leaps and bounds, thanks to surging popularity of DApps in areas like finance (decentralized finance, or DeFi apps), arts and collectibles (non-fungible tokens, or NFTs), gaming, and technology. The home to the world’s second-largest cryptocurrency, ether (ETH), Ethereum is the hottest platform in the world to allow individuals and companies to do much more than just money transfer between entities. Imagine that a skeleton is given to you and […]

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The Story Of An Ethereum Smart Contract

The Story Of An Ethereum Smart Contract

n 2008, when Satoshi Nakamoto introduced bitcoin- the decentralized currency, it raised some red flags. It experienced some significant highs and lows before settling itself in the seat of a preeminent cryptocurrency in the world. Now 13 years old, bitcoin is the most popular and lucrative digital currency. All thanks to its supply and demand economics. The success led to the evolution of many new cryptocurrencies and products, making bitcoin supercilious. With time, people began […]

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Sharding: It’s One Way Blockchain Can Scale

Sharding: It’s One Way Blockchain Can Scale

This article is written assuming that you are familiar with blockchain technology. Nonetheless, we’ll briefly overview this emerging and relatively young technology. Blockchain is a network of interconnected nodes that validates and records digital currency transactions, supply-chain records, and other data requiring validity, integrity, and distributed access. The three core traits of blockchain are — decentralization, scalability, and security. Blockchain is decentralized as it keeps a record of everything without the need for a central […]

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