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The decentralized nature of cryptocurrencies has made them a target for potential hackers. One of the most concerning threats to the Bitcoin network is the 51% attack. In this blog post, we will discuss what a 51% attack is and whether it is possible for Bitcoin to be hacked. 51% Attack on Bitcoin A 51% […]
In the ever-evolving landscape of blockchain technology, tokens have emerged as a crucial building block, powering a wide range of applications and driving innovation. To ensure compatibility and interoperability, various token standards have been established, laying down a common framework for token creation and interaction. Among these, ERC standards stand out as the most prominent, […]
In the ever-evolving world of blockchain technology, consensus mechanisms stand as the cornerstone of its decentralized ecosystem. These protocols, often referred to as the “heart of blockchain,” ensure that all participants in a distributed network agree on the current state of the shared ledger, maintaining its integrity and preventing fraud or manipulation. What is a […]
The advent of blockchain technology has revolutionized the way we interact with digital information, ushering in a new era of secure and transparent transactions. However, despite its immense potential, blockchain technology faces a fundamental challenge known as the blockchain trilemma. This concept, coined by Ethereum co-founder Vitalik Buterin, highlights the inherent trade-offs between three crucial […]
In the realm of blockchain technology, oracles play a pivotal role in bridging the gap between the decentralized and immutable world of blockchains and the ever-evolving data landscape of the real world. These intermediaries act as reliable data feeds, providing external information to smart contracts that reside on blockchain networks. Without oracles, blockchain applications would […]
eWASM is a new bytecode format that will be used in Ethereum 2.0. It is based on WebAssembly, which is a portable, binary format for code that can run in web browsers and other environments. eWASM is designed to be more efficient and secure than the current Ethereum Virtual Machine (EVM) bytecode. Why is eWASM […]
Both Bitcoin and Ethereum are built on the concept of blockchain, which is essentially a public ledger of all transactions that have ever occurred on the network. This ledger is maintained by a distributed network of nodes, each of which has a copy of the entire history of the blockchain. In the context of blockchain, […]
Blockchain technology is revolutionizing the way we interact with the internet and with each other. One of the key components of blockchain technology is the blockchain node. Blockchain nodes are responsible for storing and verifying the data on the blockchain. They also serve as a communication point for users and applications that want to interact […]
The world of blockchain technology is brimming with potential, but its adoption is often hampered by scalability issues. Layer 1 blockchains, like Bitcoin and Ethereum, can only handle a limited number of transactions per second, leading to high transaction fees and network congestion. To address these challenges, Layer 2 solutions have emerged as a vital […]
Blockchain technology has exploded in popularity, but its underlying architecture can be confusing. Understanding the different layers of a blockchain is crucial to appreciating its full potential and limitations. In this blog post, we’ll demystify the layers with real-world examples, making blockchain technology more accessible for everyone. Layer 0: The Foundation – Hardware and Infrastructure […]
