A fork in cryptocurrency refers to a change in the rules or protocol of a blockchain network, resulting in the creation of two separate and incompatible versions of the blockchain. In computer engineering terms it means the software divides into…
Creating Dapps, or decentralized applications refers to the process of building software applications that run on a decentralized network, such as the blockchain. A Dapp is typically built using smart contract technology and runs on a decentralized network, allowing it…
Masternodes are full nodes in a cryptocurrency network that perform specific functions to secure the network and earn rewards. In a masternode system, masternodes hold a large amount of a specific cryptocurrency, and provide additional services to the network such…
Decentralized Finance (DeFi) applications refer to a new generation of financial applications built on blockchain technology that aim to provide financial services and products without the need for intermediaries such as banks. DeFi applications can offer a wide range of…
An airdrop is a marketing strategy used by blockchain and cryptocurrency projects to distribute their tokens to a large number of users for free or at a reduced cost. Airdrops are often used as a way to build a community…
Cryptocurrency mining is the process of participating in the consensus mechanism of a blockchain network to validate transactions and earn rewards in the form of new coins. The mining process involves solving complex mathematical problems, known as “proof-of-work” (PoW), to…
Here is a list of Ethereum networks with a brief explanation of each: These are some of the most prominent Ethereum networks. There may be others as well. Each network has its own unique features, use cases, and goals, and…
Polygon (formerly known as Matic Network) is an Ethereum-compatible platform that provides developers with a fast and scalable platform for building decentralized applications. It uses a combination of Proof of Stake (PoS) and sharding technology to increase the transaction throughput…
Cryptocurrency networks are the backbone of the digital currency industry. They are decentralized, distributed systems that facilitate the transfer of digital assets from one user to another. In a cryptocurrency network, transactions are recorded on a public ledger, which allows…
