In a centralized system, a single authority makes every decision. For instance, most businesses use a centrally controlled accounting ledger to record all economic transactions. However, in a decentralized system, decisions are made collectively and not by a single entity. …

A crypto wallet is a software application or hardware device that holds your digital assets and safeguards your private keys. If you wish to hold or trade cryptocurrencies and interact with decentralized applications, you must have a crypto wallet. Generally, these wallets are used to send and receive digital assets…

The finance industry is undergoing a fundamental change, and blockchain is guiding most of it. Cryptocurrencies and DeFi technologies are creating a new set of financial products and services, reducing the dependency on industry gatekeepers and central authorities. In this article, we will briefly review how DeFi is changing the…

Facebook’s rebranding to Meta and recent investments have sparked a new wave of interest in the metaverse. Since Facebook’s announcement, the term has been all over the news, memes, and social media. The most frequently asked question is, “What exactly is the metaverse?” This article will describe the metaverse and…

Once the Ethereum network launched smart contracts, it created a new decentralized internet known as Web 3.0. Since then, the ecosystem has been slowly and steadily coming together through the development of decentralized applications (DApps) and services. To access services provided by these protocols or DApps, users must use a…

Non-fungible tokens (NFTs) have been present for a while now. However, the crypto space has been slow to recognize the possibilities of the enormous potential offered by NFTs. …

Imagine an application that doesn’t operate through a single server but leverages the excess power of thousands of computers from across the world. Then, imagine it can be automated using computer codes that execute specific functions based on a set of pre-defined parameters without any human intervention. That is a…

In part 1, we learned about the history of the internet and the basic understanding of what web 3.0 will be. In this article, we will be looking at the characteristics of web 3.0 and how it will fix the shortcomings of web 2.0 …

Let’s assume you own some Ethereum, and now it’s sitting ideal in your wallet or crypto account. But what if you could reinvest your Ethereum without selling it, earning more cryptocurrency in the process? Yield farming is one method for earning extra cryptocurrency from your existing cryptocurrency. The concept of…