The blockchain trilemma is defined as the idea that it is difficult for a blockchain to be decentralized, scalable, and secure simultaneously. Blockchains can only process a certain number of transactions at a time, meaning if blockchain technology were to be adopted globally, it would result in slow transaction times, and high transaction fees. Increasing […]
All posts by Paige Hill
What are Decentralized Applications?
Decentralized applications, or DApps, are applications that run on top of a blockchain network. DApps use smart contracts that act as a set of rules enforced by code on a decentralized network, not a centralized system like a regular app would. This makes DApps transparent, decentralized and less vulnerable to fraudulent actions. Decentralized apps use […]
Bear vs. Bull Market
Understanding market trends can help users to make the most informed investment decisions possible. The direction that the overall market is heading is called a market trend. In the crypto space, we hear a lot about bear and bull market trends. Bear Market A bear market is a period of declining prices in a financial […]
Understanding Crypto Wallets
Crypto wallets fall under three main categories; software, hardware, and paper wallets. Depending on their mechanism, a wallet can be “hot” if it connects to the internet or “cold” if it does not. Let’s take a deeper dive into each kind of crypto wallet. Software Wallets Web wallets access the blockchain through a browser or […]
What are Oracles?
Blockchain oracles are a third-party service that allow smart contracts on the blockchain to access external data. Smart contracts do not have external connectivity by default, so oracles serve as a bridge from off-chain to on-chain data. Without blockchain oracles, smart contracts would have extremely limited use because they would only be able to access […]
