Understanding Custodial Wallets in the Cryptocurrency Market The cryptocurrency market is still a highly dynamic space, where novice traders and investors come across completely new technologies and methodologies. One of the most basic elements of the digital assets ecosystem is the cryptocurrency wallet. Among the different types of crypto wallets, custodial wallets are one important […]
Understanding Custodial Wallets in the Cryptocurrency Market There are different types of wallets to store digital assets in the cryptocurrency world, and one of them is called a custodial wallet. So, what is a custodial wallet? How does it work? And why is it important in the cryptocurrency market? You’ll find all the answers in
Understanding the Critical Need for Backup and Recovery in Crypto Wallets When we think about crypto, one of the most important aspects we tend to focus on is security. The digital age has created a new digital currency, and aside from our everyday financial transactions, we put our trust in keeping our assets as safe
The Environmental Impact of Bitcoin Mining Bitcoin, the very first and arguably the most well-known of the more than 17,000 cryptocurrencies in existence today, has changed the way we think about money and commerce ever since it was created in 2009. It’s growing in prominence but, along the way, worries about its impact on our
Understanding Smart Contracts A smart contract is a contract that is self-executing – one in which the terms and conditions for carrying out the agreement between buyer and seller are embedded in lines of code. The code and the associated agreements reside on a distributed, decentralised peer-to-peer (P2P) blockchain network. The idea behind smart contracts
Understanding the Role of NFTs in Metaverse Development The metaverse, a synthesis of the real and virtual worlds made by the merging of augmented reality and physical reality via a digital universe, is shaping up to be the next realm for deeper engagement in the metaverse through digital forms. As the metaverse grows, NFTs are
Understanding Avalanche’s Surge in the DeFi Landscape The next generation of blockchains are poised to transform the DeFi landscape, and Avalanche is leading the charge. Let’s take a closer look at its rise and what it means for the future of DeFi. A Closer Look at Avalanche What sets Avalanche apart is its architecture and
Given the increasingly vital need for scalable solutions, the way forward for blockchain technology may rely on platforms like Algorand to fulfill its full promise. Algorand addresses some of the most critical scaling problems facing blockchain networks, including how to keep the network secure while supporting millions of users. The network’s unique features also offer
The Role of Polkadot in the Development of Interoperable Blockchain Networks One of the key features of blockchain technology that is on the verge of becoming a reality is interoperability: the ability of different blockchain networks to send messages and transact with each other. Of the solutions currently being developed, Web3 Foundation’s Polkadot is the
Understanding Blockchain Technology Blockchain technology is the technology behind a digital ledger system in which data is secured via cryptography, taking away the need for a central authority to validate transactions and safeguard records. In effect, it is a digital way of creating commonly agreed-upon and tamper-proof records that are shared with a global community
