Tag: Blockchain development

 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…