The upsurge in the number of layer 2 solutions in the crypto ecosystem is so glaring that it has to be noticeable. While the motivation for these projects might be varied, the most highlighted consensus is the need to enhance or optimize existing blockchains. In deciding which platform to be
At its inception, the Ethereum network depended only on the Proof-of-Work (PoW) consensus algorithm. It’s a quick and simple way to get everybody on the same page, but it has a fundamental flaw. As the number of transactions on the blockchain rises, so does the amount of processing power required
Casper is the first real-time Proof-of-Stake (PoS) blockchain based on the Casper CBC standard, which was founded in 2018 by Medha Parlikar and Mrinal Manohar. Casper is a platform that intends to encourage the worldwide use of blockchain technology, smart contracts, and decentralized applications (DApps). Casper’s future-oriented design aims to
Cryptocurrencies are making fast inroads into the world of finances. Their spread is massive and stablecoins are at the centre of this evolution. Stablecoins are arguably the most significant of the current crypto currency ecosystem and are quickly closing the gap between fiat money and digital currencies. Between 2020 and
The Oasis network is a decentralized L1 platform for open finance and the ‘data economy,’ built on top of the Cosmos SDK – a framework for building app-specific smart contracts. Oasis is one of the projects that are part of the ‘Cosmos Ecosystem.’ Functioning at the application level, it allows
Cryptocurrency projects have become visible in recent years as more blockchain developers explore how to maximize the potentials of the emerging sector. While a successful token or coin launch is attractive to all and sundry, the back end requires diligent evaluation to prevent huge losses and compromise of the project.