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…What Are Dapps? Decoding Decentralised ApplicationsLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBlockchain17 Oct 2023|BEGINNERS|5 MIN READWhat Are Dapps? Decoding Decentralised ApplicationsDapps are changing the way users interact with applications and the internet as a whole — learn how they leverage decentralisation and which platforms are popular right now. Key Takeaways: Decentralised applications (dapps) are apps that operate on a decentralised network, offering tran…
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…The system is then made open, permissionless, and resistant to censorship. While most DeFi protocols today are built on smart contract platforms like Ethereum, Bitcoin remains the ideological and technical bedrock for the broader movement. Innovations like the Lightning Network and tools like Stacks and Taproot are gradually expanding Bitcoin’s potential in decentralised payments, programmable money, and trustless settlement. Below are the key points characterising the cryptocurrency market in…
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…This often comes with all the features that real, trustworthy crypto projects offer: an attractive website, a white paper, and a roadmap that promises innovative features.Marketing and Hype: The scammers or complicit shillers then aggressively promote the token or project on social media platforms like Telegram, Reddit, and YouTube, or via influencers and online forums.Influx of Buyers: As the hype builds, unsuspecting traders buy into the project, increasing the value of the token or the amount…
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…Decentraland comprises consensus, land content, and real-time layers that connect the smart contract infrastructure to real-time visualisation and gaming for users. A Brief History of Decentraland Ariel Meilich and Esteban Ordano co-founded Decentraland, which launched in August 2017. The duo arranged collaborations with several companies such as Binance and Samsung for their metaverse project. The co-founders have since stepped down from management positions in the project but still act as a…
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…ICP is +0.00% in the last 24 hours.ICP has a circulating supply of 534.77 M ICP.What is Internet ComputerInternet Computer (ICP) is a public blockchain network developed by the Dfinity Foundation and designed to host smart contracts built on an advanced decentralised protocol known as Internet Computer Protocol (ICP). Its native token, ICP, is a utility token that allows users to participate in the governance of the Internet Computer network. The protocol combines the power of individual compute…
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…While smart contracts are powerful tools for automating processes on the blockchain, they are typically unable to access data from outside their network. This limitation is where blockchain oracles come into play.Blockchain oracles serve as trusted sources of off-chain data, providing information to smart contracts so they can autonomously execute predefined actions based on real-world events or conditions. Oracles essentially act as intermediaries, fetching external data and feeding it into the…
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…In addition, decentralised oracle networks (DONs) are essential because they allow for the creation of hybrid smart contracts, which offer blockchains the opportunity for on-chain and off-chain infrastructure that may aid them when supporting decentralised apps (dapps) that need to react to events in the real world and interoperate with traditional systems.Blockchains face the issue that their smart contracts need to have the capabilities to interact with systems currently existing outside of th…
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…A parallel smart contract blockchain called Binance Smart Chain was created in 2020, also using BNB as its base token. How BNB works Binance created BNB with a 200 million BNB token supply, a figure that decreases over time due to quarterly token burns based on the company’s revenues and profits. The company said that this burning mechanism encourages token supply scarcity for the tokens. As it transitioned from an ERC20 token to the native asset on the Binance Smart Chain, BNB also became …
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…In this article, we explain the importance of gas for the Ethereum blockchain. Key Takeaways: ‘Gas’ (or a ‘gas fee’) is the unit that measures the computational effort for executing different types of actions while interacting with a blockchain. Every action on Ethereum, from simple transactions to deploying smart contracts, uses gas. Users must pay for this computational work in the form of a ‘gas fee’, usually with the network’s native currency. Gas prices, quoted in Gwei on t…
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…What Is AVAX (Avalanche)?Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYAltcoins11 Oct 2023|BEGINNERS|4 MIN READWhat Is AVAX (Avalanche)?Dive into Avalanche’s AVAX token and learn about its consensus mechanism, tokenomics, and how it compares to other Layer-1 protocols. Key Takeaways: Avalanche is a Layer-1 blockchain that prioritises low fees and fast transactions while maintaining its eco-friendly status.The blockchain processes 4,500 transactions per second (tps) and fin…
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