Web3 (60)

Ever wondered how you can trade cryptocurrencies directly between different blockchains without relying on an intermediary? THORChain makes this possible by allowing seamless, secure swaps across blockchains, all while keeping your assets under your control. Here’s how it works and what it brings to decentralized trading.

 Satoshi Nakam

Decentralized autonomous organizations are fast becoming the favored governance model of the crypto-native. From decentralized finance protocols to collectors of digital artwork and legal experts specializing in crypto-related matters, distributed decision-making is evolving and threatening to make traditional, top-down organizational models obsolete.

Bitcoin (BTC) was the first cryptocurrency to ever be created, and is now the largest by market cap. You can find it on almost any digital currency exchange. While Bitcoin was intended to act as a cur

Ethereum was one of the earliest open-source projects allowing developers to create and launch decentralized applications ( DApps ). Although there are many positives to the Ethereum network , its architecture comes with challenges. For instance, the network can be prone to bottlenecks during peak times.

Smart contracts are self-executing digital agreements written in computer code that exist on blockchain networks. They've become an essential technology in crypto's continued emergence, being key to the creation and inner workings of .

Staking has become a new buzzword in the crypto space recently. Although this concept has long existed since the introduction of Proof-of-Stake (PoS) consensus, it didn’t come into the public’s focus

When Vitalik Buterin built Ethereum , he wanted to push the boundaries of blockchain technology. Bitcoin inspired him, but he felt the tech should do more than just process transactions. As a result, he built the Ethereum blockchain network. Ethereum has all the features of Bitcoin. It can process peer-to-peer transactions and store them in an immutable and decentralized way. It can also do certain things that Bitcoin can’t. For example, it can run smart contracts.

One of the primary aspects of any blockchain is its consensus algorithm or consensus mechanism. This is simply a name for the system used to achieve agreement among participants regarding the network's state. As you know, in decentralized networks, there’s no central authority. As a result, any decision needs to be made by the community through a voting process. The cryptocurrency industry initially had the Proof of Work (PoW) algorithm, which launched with Bitcoin. Later, it developed a different approach called Proof of Stake (PoS). However, PoS also got modified in time.

Ever since the blockchain was created, it became apparent that the technology offered numerous benefits over that used in traditional banking. Although it took a long time, financial institutions finally started paying attention to it. However, blockchain technology isn’t the only piece of evolutionary technology to emerge from the fintech space.

In mid-2020, the crypto industry saw a rise of a trend that changed the way people use digital currencies. The trend in question was decentralized finance (DeFi), which opened new doors to crypto user

Web3, also known as the decentralized web. It is a vision for the future of the internet that is gaining traction among tech companies, experts, and internet users. Web3 is a model for building and ac