Category: Explainer

Detailed explainer articles about blockchain and cryptocurrency

What is bitcoin gold and how it is different from bitcoin?

Bitcoin Gold (BTG) is a hard fork of the Bitcoin blockchain that was created in October 2017. The main goal of the fork was to change the proof-of-work algorithm used by the Bitcoin network in order to make mining more decentralized. The new algorithm, called Equihash, is designed to be resistant to specialized mining hardware,… Continue reading What is bitcoin gold and how it is different from bitcoin?

What is ethereum classic and how it is different from ethereum

What is Ethereum Classic? Ethereum Classic (ETC) is a decentralized blockchain platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership… Continue reading What is ethereum classic and how it is different from ethereum

What is a blockchain consensus algorithm and what are the different types?

In this article, we will touch base upon the very fundamental of building a distributed system called consensus algorithm. We will first discuss about what is a consensus algorithm and why they are important followed by different consensus protocols that has been implemented in various blockchain systems. What is blockchain consensus algorithm? A blockchain consensus… Continue reading What is a blockchain consensus algorithm and what are the different types?

ICO, IEO, and IDO, and how they are different from each other?

An ICO, or Initial Coin Offering, is a type of crowdfunding event used to raise capital for a project or business venture. It is similar to an Initial Public Offering (IPO), but instead of selling stocks, tokens are sold to investors in exchange for money or cryptocurrency. The tokens are essentially a form of digital… Continue reading ICO, IEO, and IDO, and how they are different from each other?

What is a “Bear Market” and what are the ways to survive it?

What is a “Bear Market”? When the prices of the assets are set to fall for a longer period of time throughout the market by at least 20% from their all-time highs, then the scenario is known as a ‘bear market’. The entire global economy is bonded with the bear market. It is often considered… Continue reading What is a “Bear Market” and what are the ways to survive it?

Types of Crypto Exchanges: Centralized, Decentralized, Hybrid: Explained

Similar to the stock exchange, a cryptocurrency exchange works with a focus on cryptocurrency tokens. In crypto market there are three types of crypto exchanges which are centralized, decentralized & hybrid crypto exchanges used maximally. On the crypto exchange platforms, crypto tokens are traded just like stock trades on the stock market exchange. As the… Continue reading Types of Crypto Exchanges: Centralized, Decentralized, Hybrid: Explained

Beginners’ guide to Decentralized Finance (DeFi) and its applications

What is DeFi? DeFi is an acronym for a longer phrase ‘Decentralized Finance’. Decentralized Finance works under the umbrella term ‘DeFi’ for peer-to-peer financial services. These finance-related services are operated through an open-sourced blockchain, predominantly Ethereum blockchain. Unlike any traditional centralized finance system that works through a governing body among a closed group of people,… Continue reading Beginners’ guide to Decentralized Finance (DeFi) and its applications

Everything you need to know about Terra network and how it works

The world has seen many revolutionary ages in payment systems. In ancient times, the barter system was followed by the people. After a few decades coins were issued and became a medium to purchase goods. After sometimes fiat currency in the form of notes evolved and commercialization took place on a large scale through it.… Continue reading Everything you need to know about Terra network and how it works

Everything you need to know about Blockchain Oracle

What is Blockchain Oracle and why are they needed? Blockchain Oracle acts as a medium between off-chain and on-chain data. It helps other blockchain and smart contracts to access off-chain data (data beyond the blockchain network). It plays a vital role within the blockchain network to amplify the ecosystem for smart contracts to work more… Continue reading Everything you need to know about Blockchain Oracle