Web3

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…

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.…

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…

A BEGINNERS GUIDE TO DECENTRALIZED FINANCE (DEFI): Unlocking Financial Freedom

Introduction Welcome to the future of finance! If you’re eager to step up your financial game and delve into an exciting new world, then Decentralized Finance, or DeFi, is your next stop. Forget the traditional banking constraints—DeFi is here to revolutionize how you save, invest, and manage money directly from your smartphone. Ready to learn more? Let’s jump right in! TABLE OF…