Category: Blockchain

  • What Are DAOs? Here’s What to Know About the ‘next Big Trend’ in Crypto

    What Are DAOs? Here’s What to Know About the ‘next Big Trend’ in Crypto

    There’s a new trend afoot in the world of virtual currencies – so-called decentralized autonomous organizations (DAOs). While similar to the popular crowdfunding mechanisms employed by many companies today, DAOs have no CEO, no board of directors, and are run entirely by computer code. People who buy tokens or shares in DAO companies can then […]

  • How Blockchain Is Changing the World

    How Blockchain Is Changing the World

    Blockchain technology has the potential to revolutionize commercial and social interactions, eventually becoming the basis of a digital society. Blockchain is a distributed ledger technology that aims to prevent unauthorized access and guarantee that records are permanent (nothing can be erased once it’s recorded) and trackable without the need for central management. Encrypted distributed databases […]

  • Exploration of Web 3.0: What Is It, Why Is It Important?

    Exploration of Web 3.0: What Is It, Why Is It Important?

    Everything You Need to Know About Web 3.0 and Why It’s Important The Web has gone through many iterations since its inception, and Web 3.0 is the next step in this evolution. Web 3.0 is important because it will be a platform for blockchain-based applications with decentralized storage where users can exchange value without third […]

  • Smart Contracts in a Decentralized Network

    Smart Contracts in a Decentralized Network

    Smart Contracts on a Blockchain Smart contracts use a decentralized network known as blockchain technology to validate, capture and enforce agreements between multiple parties. This line of code controls the execution of traceable and irreversible transactions. This is an agreement within an existing, distributed, and decentralized blockchain network. What are smart contracts good for? Blockchains […]

  • The Magic of Decentralized applications (dApps)

    The Magic of Decentralized applications (dApps)

    Decentralized applications (dApps) & Blockchain With the rise of Ethereum 2.0, many people are starting to think about a perfect world for decentralized applications (dApps). A dApp can easily operate without any third-party interference. It runs on blockchain technology, which provides complete security and transparency by recording every activity in an open ledger that anyone […]