Why Does Web3 Matter?
Web3 is neither cryptocurrency nor blockchain. Instead, it is a mission to fix the broken web. Tim Berners-Lee intended the web to be a place where people could get instant access to information, but not at the cost of user privacy and data breach. The once decentralized web is now dominated by a few big […]
Polkadot: The True Ethereum Killer
For the longest time, Ethereum has been the preferred platform for developers to build decentralised applications. And why would it not be?! It was the first blockchain to introduce smart contracts and unleash the potential of blockchain beyond the payment system. It enabled developers to build all kinds of applications, from finance to content creation […]
All You Need to Know About Decentralised Apps or DApps
Decentralized applications or DApps, as the name suggests, are applications that are not owned and managed by a single authority. It uses blockchain to change how apps and programs have been created so far. DApps are smart contract powered applications built on top of the blockchain. They are not centrally owned; instead have distributed ownership […]
A Comprehensive Guide to the Polkadot Blockchain
Polkadot is a sharded multi-chain network that is a hub for numerous blockchains. It is a mega blockchain hosting multiple blockchains on itself. Currently, there are two ways blockchains operate — A single blockchain specializing in only one thing or a ‘do it all blockchain’ that could do it all. However, neither seems to be […]
Smart Contracts Explained
Popularized by the Ethereum blockchain, Smart Contracts are a set of codes designed to perform a set of instructions on the blockchain. They self execute themselves when predefined conditions are met. For instance, if there is a smart contract between a borrower and a lender with a predefined condition that as soon as the XYZ […]
Centralization in Ethereum Staking Pools
Ethereum’s move to proof of stake has increased concerns about centralization and censorship. The shift to validators instead of miners has reduced energy consumption by 99.99% but has led to the majority of the ETH securing the network sitting with central entities, and these entities have a higher likelihood of being assigned blocks of transactions […]
How Do Consensus Algorithms Shape Web3 Infrastructure?
Private and public blockchains enable vastly different forms of financial engineering. Consensus algorithms lie at the core of this distinction. Decentralization is the core principle at the heart of blockchain technology. The promise of its benefits has become a recurrent theme in discussions about Web3. But how does it really work? A blockchain is powered by nodes […]
Web2 vs Web3
Web2 and Web3 are two different generations of the internet and they have different approaches to development. In this blog, we will discuss the differences in the development in Web2 vs Web3. How Does Web2 Development Work? Web2, also known as the read-write web, is characterized by a more participatory and interactive user experience. […]
