DeFi Aggregator – What is it? A DeFi aggregator is a platform that allows users to access various decentralized finance (DeFi) protocols and services in a single place. DeFi protocols are blockchain-based financial services that operate without intermediaries, such as banks, and offer various financial products, such as lending, borrowing, and trading. DeFi aggregators simplify […]
What are decentralized finance services? Decentralized finance services are the new financial paradigms that manage financial transactions using cryptocurrencies and blockchain technology. The objective of the technology is to democratize finance by substituting traditional centralized intermediaries with peer-to-peer relationships to support a wide range of financial services, including banking, mortgages, loans, and asset trading. While […]
A technology stack is a combination of technologies a company utilizes to design, develop, and run an application. It consists of programming languages, a database, a framework, a front-end, a backend, and APIs for connecting applications. Web3 dApps have a powerful technology stack by adding new technology, Blockchain, to their stack. Blockchain changes the entire […]
What is a dApp? Decentralized applications (dApps) refer to software applications that execute on peer-to-peer distributed networks by combining smart contracts with a frontend user interface. On the blockchain, such as Ethereum, smart contracts reside transparently with open accessibility like open APIs. dApps have many underlying features, such as open source, turning complete, isolated, and […]
dApp industry has been showing significant signs of growth in different sectors, such as DeFi, GameFi, and the NFT marketplace. Each sector has different and unique dApp components to achieve high reliability, security, and privacy. The following blog provides a brief about how these dApps are distinguishable from each other. What is dApp? Decentralized applications […]
What is a dApp? dApp refers to a common abbreviation for decentralized application. It is a digital application that executes on the blockchain or peer-to-peer network of computers instead of a single computer. Creating dApps includes a combination of the smart contract residing on the blockchain with a front-end user interface. From the end-user perspective, […]
A blockchain oracle is a third-party service or software that provides off-chain data to a blockchain smart contract. The decentralized web3 ecosystem requires access to existing legacy systems, advanced computations, and data sources. Decentralized oracle networks facilitate the creation of hybrid smart contracts. Hybrid smart contracts combine code running on the blockchain (on-chain data) and […]
On April 12, 2023, Ethereum will undergo its first major upgrade, also called a Shanghai’s hard fork, since September when it switched to a proof-of-stake system. Ethereum’s upcoming “Shanghai” upgrade will allow validators to withdraw 16 million staked ether (ETH) once it is complete. So, what exactly Shanghai’s hard fork is? Let’s explore it in […]
NFTs have all eyes set upon them for a good reason. NFTs took the world by storm in 2021 for their unique way of interacting with digital content and assets. There are several trends and advancements to be on the lookout for as we anticipate the future of NFTs in 2023. For creating a successful […]
