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…Most projects provide instructions on how to set up a wallet and where to provide your wallet address to receive the tokens. It is crucial to ensure that you are using a secure wallet and that you keep your private keys safe. Once you have completed all necessary steps, you can sit back and wait for the tokens to be distributed. Notable Crypto Airdrops Over the years, notable crypto airdrops have captured the attention of the crypto community. Aurora The concept of airdrops first gained attent…
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…Additionally, AES is efficient in both software and hardware implementations, making it suitable for a wide range of devices and applications.Key TakeawayAdvanced Encryption Standard (AES) is a widely used encryption algorithm established by the US National Institute of Standards and Technology (NIST) in 2001 and designed to secure sensitive data.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised …
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…The trader can make use of APIs to query only the required data by automating any needed requests and parsing the data from the response.Key TakeawayAPI, short for Application Programming Interface, is a way for computer or software applications to communicate with each other.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised applications (dapps) on the Solana blockchain.HODLerA ‘HODLer’ is so…
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…There are many attack vectors in a blockchain system, including double-spending, distributed denial-of-service (DDoS), and 51% attacks.Key TakeawayThe blockchain scalability trilemma states that blockchains can only simultaneously achieve two out of either decentralisation, scalability, or security — but never all three.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised applications (dapps) on t…
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…It is only used during the execution of the transaction and discarded afterward.Calldata is more gas-efficient than other forms of storage on the blockchain, making it a preferable choice for passing large amounts of data when users don’t need to permanently store the data on-chain.Key TakeawayCalldata is an essential component for passing inputs to smart contract functions, optimising for cost by being temporary and non-modifiable during execution.Related WordsSolana Program LibraryThe Solana…
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…However, in the volatile and rapidly evolving cryptocurrency market, some assets may experience significant price fluctuations, which can impact their suitability as stable units of account for everyday transactions.Stablecoins, which are pegged to the value of traditional currencies or commodities, aim to address this volatility issue and provide a more stable unit of account within the cryptocurrency space.Key TakeawayIn the context of cryptocurrencies, a unit of account refers to the function…
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…Once deployed, the code of a smart contract cannot be changed, ensuring that the contract will execute exactly as written.Key TakeawayImmutability underpins the reliability and trustworthiness of blockchain technology by enhancing security, and preventing fraud and unauthorised alterations, making it a reliable ledger for transactions.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised applications…
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…Another issue is that, for the Lightning Network to run, it is required to be constantly online.Key TakeawayThe Lightning Network is a Layer-2 protocol built on top of the Bitcoin blockchain.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised applications (dapps) on the Solana blockchain.HODLerA ‘HODLer’ is someone who holds onto their digital assets long term, regardless of market volatility o…
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…It aims to add more functionality to transfer tokens.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralised applications (dapps) on the Solana blockchain.HODLerA ‘HODLer’ is someone who holds onto their digital assets long term, regardless of market volatility or price fluctuations.Hierarchical Deterministic (HD) WalletA Hierarchical Deterministic (HD) wallet is a type of cryptocurrency wallet tha…
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…By leveraging reputable Observers, Constellation Network aims to improve the security and efficiency of its blockchain, and nodes with higher reputation scores have more weight in the consensus process.Key TakeawayProof of Reputable Observations (PRO) is a consensus mechanism that uses a combination of reputation scores and cryptographic mechanisms.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source components for building decentralise…
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