A 51% attack occurs when a cryptocurrency miner or group of miners gains control of more than 50% of the blockchain of a network. The 51% attack scenario is uncommon, especially for more established cryptocurrencies, due to the logistics, hardware,...
Hard forks can occur in any cryptocurrency network because public blockchains, regardless of how they are constructed, operate in the same way - transactions are bundled into blocks, which are validated only when all validators in a network reach...
A micropayment system is one that allows users to send small amounts of money. Micropayments are defined as amounts ranging from cents to ten dollars. They can be found in a variety of forms, such as vending machines or, more commonly, online....
The profitability of holding or trading cryptocurrencies is determined by the trader's objective, strategy, and skill set. Furthermore, both approaches have advantages and disadvantages that market participants must weigh carefully before adopting...
A digital wallet is an online payment tool or software application that functions as the electronic equivalent of a physical wallet. It is also known as an electronic wallet, e-wallet, or mobile wallet, and it allows users to securely store digital...
A liquidity pool, in a nutshell, allows crypto traders and investors to gain access to market liquidity in decentralized finance (DeFi) markets.
NFTs, as a utility with a more concrete use case than collectibles, appear poised to expand beyond art collections. Because of new services such as non-escrow staking, there will be new ways to generate yield (NFT staking without the need to be...
Virtual reality is a technology that generates simulated environments that can be explored and interacted with. Virtual reality has the potential to alter the way we interact with the world. It will allow people to visit places without ever leaving...
Algorand is a new protocol that was launched in 2019. The Algorand Foundation is a non-profit organization that oversees the funding and development of Algorand Inc. and the Algorand protocol itself. The Algorand Foundation promotes developer...
Rather than reverse engineering how to submit transactions from the smart contract source code, users interact with a smart contract through a front-end provided by the DApp provider. Due to the fact that the user does not need to understand the...