Introduction to Web 3.0 architecture
Web 3.0, often referred to as the “semantic web” or the decentralized web, is the next evolution of the internet that aims to give users more control over their data,….
Tag: Ethereum
Off-chain vs On-chain computation
In the world of blockchain technology, the terms on-chain and off-chain refer to where computations (i.e., operations and processes) take place in relation to the blockchain. Understanding the differences between….
Wrapped tokens (e.g., WBTC)
What Are Wrapped Tokens? Wrapped tokens are tokenized versions of cryptocurrencies that exist on one blockchain but are represented and used on another. For example, Wrapped Bitcoin (WBTC) is an….
Liquidity pools and Automated Market Makers (AMM)
Decentralized finance (DeFi) has revolutionized the traditional financial system by removing intermediaries. At the core of this innovation are liquidity pools and Automated Market Makers (AMMs), two foundational components that….
Gas optimization techniques
Gas optimization is a crucial aspect of Ethereum and other blockchain-based smart contract development. Every operation on the blockchain costs gas, which users pay for using cryptocurrency (usually ETH). Minimizing….
Quorum Blockchain overview
Quorum is an enterprise-focused blockchain platform developed originally by J.P. Morgan and later contributed to the Ethereum ecosystem. Built on Ethereum, Quorum provides enhanced privacy, performance, and permissioning features tailored….
The role of miners and validators
Miners and validators play a central role in the functioning and security of blockchain networks. While they perform similar tasks in maintaining the ledger and achieving consensus, the methods and….
Blockchain token standards (ERC-20, ERC-721, ERC-1155)
In the world of blockchain, particularly within Ethereum, tokens are essential elements that represent assets, utilities, or even rights within a decentralized network. These tokens are typically built on top….
The Merkle Tree and Blockchain
The Merkle Tree, named after Ralph Merkle who introduced it in 1979, plays a crucial role in ensuring the integrity and efficiency of data structures in blockchain networks. It is….
Blockchain in Metaverse development
The Metaverse, a virtual reality space where users interact with each other and digital environments, has rapidly gained traction across industries, from gaming to real estate. One of the fundamental….