The Ethereum blockchain facilitates a wide range of activities, from NFTs to a robust DeFi ecosystem. Ethereum is suited for these activities because it’s compatible with smart contracts, which can be used to develop decentralized applications. When these applications gain popularity, they add additional transactions to the Ethereum blockchain, which…

The Terra (LUNA) crash was a major event in the world of cryptocurrency. The coin lost 96% of its value in one day (May 12), pushing it to less than 10 cents. It is worth noting that Luna is a stablecoin that uses an algorithm to maintain its stability. The…

You may be confused when you look at a transaction to transfer some Ether in your wallet and see that there is a fee charged to execute the action. This fee is called “gas.” So what is gas and what does it do? Gas is a type of crypto-fuel that…

The pump and dump scheme relies on social media and mass messaging services to reach a broad number of potential victims. The scammer will create a group on Twitter, YouTube, or other social media platforms. Then they will send out messages to their contacts telling them about the group and…

The first generation of the internet was about connecting computers to one another, and the second generation was about connecting people to one another through social media platforms like Facebook, Instagram, Twitter, etc. Web 3.0 is about connecting people directly without any intermediaries. Web3 will utilize decentralized protocols such as…

Shiba Inu started out as a joke, but has quickly turned into a multi-billion dollar project. In August of 2020, a pseudonymous developer called Ryoshi started the project as an experiment in crypto community governance, meaning a test of how a community could decide on changes to a cryptocurrency project. …

Stellar (XLM) was founded in 2014 by Jed McCaleb. McCaleb was one of the founding members of Ripple, but left in 2013 because of disagreements with the board. He then went on to found Stellar with Joyce Kim as his co-founder. …

Chainlink is a blockchain translation layer that connects smart contracts to external data sources. It was developed by Sergey Nazarov and his team at SmartContract.com in order to solve the oracle problem. The oracle problem is a common challenge in blockchain development. The main idea of the oracle problem is…

For the notion of oracles to make sense, we’ll need to quickly review blockchains and smart contracts before answering the subject at hand. The Blockchain is a powerful but isolated technology. A blockchain is a decentralized network of computers that are used to maintain a continuously growing list of records, called blocks. The purpose of blockchains is to…