How Much Does It Cost to List Coins on an Exchange in 2024?
Getting your Web3 project listed on an exchange is a smart move for success in the competitive blockchain industry. It boosts visibility, builds investor trust, and opens doors to vital funding. But it does come with a cost. In this article we explain why being listed on crypto exchanges is important, talk about the costs […]
What Are Wrapped Tokens?
The current challenge in blockchain technology is achieving interoperability among different networks. Cryptocurrencies like Bitcoin and Ethereum are restricted to their own blockchains and cannot be directly used on other chains. This is where wrapped tokens come into play. By enabling the use of assets across various blockchains, wrapped tokens enhance the versatility and utility […]
What Is Layer 1 in Blockchain?
Essentially, this term refers to the foundational blockchain itself. Examples include BNB Smart Chain (BNB), Ethereum (ETH), Bitcoin (BTC), and Solana. These are the primary networks in their respective ecosystems, hence the term ‘layer 1’. This layer is distinct from the subsequent ones, such as off-chains and layer-2 solutions, which are developed atop these primary […]
What is a Blockchain Oracle? The different types of oracles
A blockchain oracle plays a crucial role in integrating external data with a blockchain. It acts as a bridge, delivering real-world information to the blockchain, which is necessary because a blockchain by itself only contains data from within its own network. This integration vastly broadens the scope and functionality of applications running on the blockchain. […]
What are Smart Contracts on Blockchain?
A smart contract, in its essence, is an automated digital agreement crafted in code and embedded in a blockchain. It operates autonomously, eliminating the need for intermediaries. Owing to the inherent properties of blockchain technology, smart contracts are secure and transparent, offering users a dependable method to execute agreements and simplify various operations. These contracts […]
What Are Decentralized Applications (DApps)?
What Is Decentralization? Decentralization transforms how power and decision-making are dispersed in systems, shifting from centralized entities to a broad network. This approach reallocates authority, ensuring responsibilities are shared among various stakeholders rather than vested in a solitary decision-maker. In traditional centralized frameworks, a singular authority or organization wields comprehensive control. Such an entity bears […]
What Is a Crypto Community? TOP Crypto Communities in 2024
Web3 represents the evolving version of the internet. Unlike the previous Web2, it’s founded on principles such as decentralization, trustless cooperation, resistance to censorship, and user ownership. Web3 enables individuals to interact and share data directly, without intermediary involvement. Currently, we’re transitioning towards a fully-realized Web3 era. A dedicated community is driving this shift. This […]
What Is Liquidity, and Why Is It Important?
In finance, liquidity describes the ease with which an asset can be traded without causing a notable change in its value. An asset is more liquid if it’s simpler to purchase or dispose of, whereas less liquid assets might require additional time and resources to be turned into cash. Consider a gold bar and a […]
What Is a Decentralized Exchange (DEX)?
Since the inception of Bitcoin, exchanges have been instrumental in connecting buyers and sellers of cryptocurrencies. These platforms have been crucial in fostering global participation, ensuring liquidity, and establishing a consensus on asset pricing. Historically, this space has been ruled by centralized entities. Yet, the landscape is changing rapidly with advancements in technology, paving the […]
What are Hashing and Hash Functions? Popular Hashing Algorithms
Hashing is a process where a variable-sized input is transformed into a fixed-size output using mathematical formulas known as hash functions. These functions are implemented through various hashing algorithms. While not all hash functions are cryptographic, cryptographic hash functions are fundamental in the realm of cryptocurrencies, playing a vital role in ensuring the integrity and […]
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