Search our executive blockchain insights and services.
…What Is a DAO and How Does It Work? An in-depth look at how decentralised autonomous organisations work and what they mean for the future of business What Is a DAO and How Does It Work?Level UpNEWIndividualsBusinessesDevelopersDiscoverCompanyUNIVERSITYBlockchain10 Sep 2022|BEGINNERS|5 MIN READWhat Is a DAO and How Does It Work?An in-depth look at how decentralised autonomous organisations work and what they mean for the future of business Key Takeaways A DAO is an entity designed to be fully aut…
Learn More
…ETH is +0.00% in the last 24 hours.ETH has a circulating supply of 120.72 M ETH.What is Ethereum? Ethereum is an open-source software platform that uses Ether (ETH) as the native digital currency and enables the creation of smart contracts and decentralised applications (DApps) without downtime, fraud, control, or interference from a third party. As a programming language that’s Turing-complete and built on blockchain technology, Ethereum has helped developers build and publish decentralised…
Learn More
…This programme also acts as the bedrock for Ethereum’s entire operating system, storing all Ethereum accounts and smart contracts.These smart contracts are typically written using high-level programming languages like Solidity and compiled into a readable format known as Bytecode. This makes it possible for smart contracts deployed on EVM-compatible blockchains like Polygon and Avalanche to be recognised by Ethereum nodes. It also provides an efficient way for developers to transfer tokens fro…
Learn More
…The Lightning Network uses bi-directional payment channels to facilitate transfers, which means Bob can also send funds to Alice in the same channel if he wants to. All transactions between Alice and Bob are executed by smart contracts and made off-chain, with low fees, as long as each signs every transaction (otherwise, the transaction may fail to go through). It is designed so that each party holds a private key, and redistributing funds in the channel can be done only if both parties are conf…
Learn More
…The settlement layer has a unit of account, while the control layer runs smart contracts and will be programmed to recognise identity, and assist compliance. What is Cardano used for? ADA is the cryptocurrency on the Cardano blockchain. ADA holders can transfer money and use the token to pay for goods and services. It is the native token to be used in applications built on the Cardano blockchain. Frequently asked questions about CardanoWho owns Cardano?Cardano is an open-source blockchain platf…
Learn More
…The settlement layer has a unit of account, while the control layer runs smart contracts and will be programmed to recognise identity, and assist compliance. What is Cardano used for? ADA is the cryptocurrency on the Cardano blockchain. ADA holders can transfer money and use the token to pay for goods and services. It is the native token to be used in applications built on the Cardano blockchain. Frequently asked questions about CardanoWho owns Cardano?Cardano is an open-source blockchain platf…
Learn More
…He believed that smart contracts could become a ‘highly evolved’ e-commerce protocol and contract law between multiple entities across the internet. Smart contracts would later become one of the core pieces of technology of Ethereum, one of the largest cryptocurrency networks to date.Key TakeawayNick Szabo is credited with the idea of the smart contract and the project Bit Gold.Related WordsSolana Program LibraryThe Solana Program Library (SPL) is a collection of ready-to-use, open-source co…
Learn More
…The Stamps protocol creator suggests limiting the image resolution and size to lightweight 24×24 pixel, 8-colour-depth PNG or GIF files. Besides protocols like Bitcoin Ordinals and Bitcoin Stamps that directly build on the base layer, Bitcoin NFTs can also be created on Bitcoin Layer-2s that allow for smart contracts to be executed and transactions to be settled, making the creation and exchange of Bitcoin NFTs more cost-effective, sustainable, and scalable. Examples of Bitcoin Layer-2s that su…
Learn More
…Virtual Machine A succinct definition of Virtual Machine Virtual MachineLevel UpNEWIndividualsBusinessesDevelopersDiscoverCompanyGLOSSARYVIRTUAL MACHINECopy linkShare on TwitterShare on FacebookShare on LinkedinVirtual MachineA blockchain virtual machine is a software environment that mimics a physical computer and is designed to execute smart contracts or decentralised applications (dapps) on the blockchain network. It provides a secure and isolated environment, ensuring that code execution is …
Learn More
…Ethereum is a decentralized currency, which means you can buy, sell, and exchange it without having to rely on traditional monetary systems.What Is Ethereum?Ethereum is a decentralized blockchain that lets developers build applications and smart contracts without relying on banks or tech giants. These smart contracts are self-executing agreements written in code that allow transactions to happen automatically when conditions are met, removing the need for intermediaries. The technology Ethereum …
Learn More