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Cardano Vasil Hard Fork? What Is It?
Cardano is a decentralized Proof of Stake (PoS) blockchain network designed to be a more efficient alternative to Proof of Work (PoW), just like Ethereum’s merge last month. Cardano’s ecosystem allows other developers to create decentralized apps, tokens, or other use cases for scalable blockchain networks.
By Kryptomind Pvt Ltd.3 years ago in Journal
Ethereum Overtaking Bitcoin Soon?
Experts and researchers are now predicting that Ethereum overtaking Bitcoin in the Blockchain Market is turning out to be accurate. The main reason behind this prediction is Ethereum is moving towards Ethereum 2.0. It involves switching to a drastically less energy-consuming method of validating transactions known as Proof of Stake (PoS).
By Kryptomind Pvt Ltd.3 years ago in Journal
Blockchain Bubble or Revolution? What’s The Future?
The recent fluctuations in the Blockchain Market have made us wonder whether the Blockchain Bubble is true or not. Current investors are already worried about their investments in the Blockchain market and the future. New investors are still curious if it’s an excellent time to put in money or not.
By Kryptomind Pvt Ltd.3 years ago in Journal
Ethereum Switching To Proof Of Stake (PoS)?
The NFT market tokens representing Digital Art, Music and Videos soared to a whopping price of $44 Billion last year. This increased attention to the Ethereum Blockchain, where most of the NFTs were bought and sold. Hence, Ethereum came up with the idea to change from Proof of Work to Proof of Stake.
By Kryptomind Pvt Ltd.3 years ago in The Chain
5 Things You Need To Know About The Metaverse
If you are a regular Internet user, then you have most likely heard about the term “Metaverse” especially from the recent Facebook rebranding to Meta. You might have heard about it from Fortnite creator Epic Games about their $1 billion funding to focus on their “long-term vision for the Metaverse”.
By Kryptomind Pvt Ltd.3 years ago in Futurism
New Ethereum Token Standard ERC-4907?
As technology continuously evolves, a new concept is introduced every day. An exciting concept in the world of NFTs is rentable NFTs. According to ERC-4907, an NFT owner may provide permission to a third party to use their NFT for a certain amount of time. The user will lose access to the NFT after that period is over.
By Kryptomind Pvt Ltd.3 years ago in The Chain
What Is Proof Of History (PoH)?
Proof of History (PoH), developed by Solana, is a way of embedding time into the blockchain to reduce the strain on network nodes while processing blocks. In a classic blockchain, reaching an agreement on when a block was mined is equally as crucial as reaching an agreement on the transactions in that block. Timestamping is essential because it tells the network that transactions happened in a specified sequence.
By Kryptomind Pvt Ltd.3 years ago in Journal
Let’s Explore The ERC-1155 Token Standard
ERC1155, “Ethereum Request for Comments 1155,” is a token standard mostly utilized for NFTs (non-fungible tokens). It is advantageous to have a token standard like the ERC1155 to control these tokens since NFTs are becoming increasingly popular, and more artists want to produce NFTs. Additionally, understanding the ERC-1155 token standard, one of the top standards on Ethereum, is a crucial step for anybody desiring to begin in blockchain programming and wishing to construct NFTs. As a result, keep reading to learn more about the ERC-1155 token standard, what it is, and how it differs from other token standards. As a result, you’ll be prepared to begin using the ERC-1155 token standard to create ERC1155 NFTs.
By Kryptomind Pvt Ltd.3 years ago in The Chain
Zero Knowledge Proof: What Is Its Role In Blockchain?
Technology development has led to an expansion in the breadth of fraudulent actions throughout time. Therefore, one of the key duties involved in the transaction process is maintaining security protocols. Although blockchain has emerged as one of the most promising breakthroughs, we still require extra security measures to guarantee transaction security. Zero Knowledge Proof, often known as ZKP, is an excellent choice in certain situations.
By Kryptomind Pvt Ltd.3 years ago in Journal
5 Interesting Facts About Blockchain You Didn’t Know!
Although blockchain has drawn a lot of attention as the basis for cryptocurrency transactions, the technology is helpful for more than just keeping track of who has traded bitcoins for whom. At its most basic, blockchain is an open ledger that nobody controls. Sure, it’s a financial transaction technology, but because it’s decentralized, people, corporations, and governments may use it to record all information exchanges.
By Kryptomind Pvt Ltd.3 years ago in The Chain
Learn About Rollup Protocol
The Optimistic Rollup is the key concept that enables optimism. We’ll go through a high-level explanation of how Optimistic Rollups function. Then we’ll describe why Optimism is designed as an Optimistic Rollup and why we feel it’s the greatest option for a system that meets all of our design objectives.
By Kryptomind Pvt Ltd.3 years ago in Journal
