Blockchain

UNDERSTANDING ETHEREUM GAS FEES: STRATEGIES TO MINIMIZE COSTS

Ethereum’s gas fees have been a hot topic since they reached a record high on May 12, 2021, with an average gas price of 373 gwei, as reported by Etherscan. Such spikes in fees can make transactions and smart contract executions prohibitively expensive, costing users anywhere from $50 to several thousands of dollars. In today’s digital landscape, navigating these costs is essential…

Ensuring Safety and Speed: Deevyn TradeHub’s Commitment to Your Financial Security

Dear Esteemed Deevyn TradeHub Users, At Deevyn TradeHub, we prioritize the safety and security of your assets above all else. In our continuous efforts to combat fraudulent activities and protect your funds, we’re implementing a new protocol starting from February 1, 2024. IMMEDIATE CONFIRMATION FOR ENHANCED SECURITY In response to the rising number of scam transactions detected from fresh users across the…

What are Decentralized Applications (DAPPs) in Crypto/DEFi

For a better understanding of what Decentralized Applications are, You’ve got to be familiar with Decentralized Finance On Your Journey, as a DeFi Freak, Decentralized Applications are the Tools to get you going… Reading this Content, would equip you with the knowledge on what Decentralization Applications (DAPPs) are, How they work, their build-up structure and a list of DAPPs with their UseCase.…

GET STARTED WITH CRYPTOCURRENCIES: How does Cryptocurrency work? Disadvantages and Advantages of Cryptocurrencies. 

Zina, my 15-year-old orphan friend, ran a ghostwriting business that brought her around two-hundred thousand naira every week. However, at the end of the day, she was left with just thirty thousand naira — if she got lucky. “Why?” you might ask.  Well, her uncle, who was supposed to be her guardian, took the rest of her money. “Why did she tell…

NFTs Explained | A Detailed Guide On Everything you need to know About NFTs

The word NFT can simply be pronounced as N-F-T or instead pluralized. NFTs are known as Non-fungible tokens. What are Non-fungible tokens? Before diving straight into explaining what a non-fungible token is, be rest assured that in this article, you’ll get to know more about the types of Nfts, Nfts and their real-life cases, and platforms that you could navigate to get…

 Understanding What Blockchain is? How it works, its Characteristics & Types

What do you think blockchain is? In this article, you’ll get to know what blockchain is, the different types of blockchains, how blockchains work, and the certain characteristics which every type of blockchain carries. What is Blockchain? Blockchain is a digitally distributed form of an immutable ledger that enhances and facilitates transactions seamlessly by receiving data and interacting with certain protocols. For…

What are Smart Contracts? | Introduction to Smart Contracts.

A Smart Contract is a coded set of instructions that executes a predefined function when specific conditions are met. It serves as a fundamental element of the Ethereum Blockchain and other Layer-2 blockchains. The phrase “when certain conditions are met” states that smart contracts operate based on the principles of conditional logic, expressed through “IF” and “THEN” statements. Here’s an example: Consider…