Smart Contracts - Cwallet Blog

Harnessing Blockchain to Counter Disinformation

Do you ever question the authenticity of the information you come across online? In an age where misinformation spreads like wildfire, countering disinformation has become more critical than ever. In this post, we'll explore the transformative role of blockchain in the battle against disinformation.

Smart Contracts

Smart Contracts in Business: Automating Processes and Ensuring Efficiency

Smart contracts have emerged as a transformative technology in the business world. By automating processes, increasing transparency & reducing costs, smart contracts offer significant benefits to businesses. While challenges & limitations exist, the future prospects of smart contracts are promising.

Cwallet

What Are Blockchain Oracles and Why Are They Important?

Blockchain oracles are entities and interfaces that connect blockchains to external systems, allowing smart contracts to execute commands based on real-world inputs and outputs. In other words, blockchain oracles are third-party systems that bridge the gap between data from the outside ...

NFT

Top NFT Trends To Watch in 2023

1. NFT ticketing is a hot trend because it eliminates the middleman in purchasing event tickets. 2. NFT Music pattern is expected to become more popular in 2023 as few marketplaces have already begun selling partial ownership music NFTs in collaboration with well-known celebrities...

Web3

Top 5 Web3 & Blockchain Trends to look out for in 2023

In 2023, we can expect to see further growth in the adoption of DeFi, as more people become aware of the benefits of decentralized finance and the potential for creating new financial instruments. This trend is likely to be driven by the increasing availability of user-friendly DeFi applications

NFT Metadata

What is NFT Metadata?

NFT metadata is the data that gives general information about other data; this includes the name, description, & other elements deemed necessary by the author of an NFT. Since NFT marketplaces use metadata to show NFTs to buyers and sellers, metadata must be in a format...

Stablecoins

What is Algorithmic Stablecoin?

Algorithmic stablecoins are stablecoins that maintain their parity using a self-contained and decentralized economic protocol. They are built on an economic mechanism that allows them to maintain parity by increasing or decreasing the quantity of cryptocurrency by burning or mining tokens.

Decentralized Exchange

What is Decentralized Exchange (DEX)?

A decentralized exchange (DEX) is a peer-to-peer (P2P) exchange where buyers & sellers exchange crypto assets directly. Unlike centralized exchanges, DEX platforms are non-custodial, allowing users to have control of their private keys when using the platform to carry out transactions.

cryptocurrency

What is a Crypto Loan?

A borrower can utilize their existing crypto portfolio holdings as collateral for a crypto loan. Once the collateral is received, the lending platform makes the loan, which is often in the form of a stablecoin, and the crypto used as collateral is held until the loan is fully repaid.

dApps

What Are Decentralized Applications (dApps)?

dApps is an acronym derived from Decentralized Application. This means that dApps are applications that use Blockchain technology to operate in a decentralized way. dApps are built on a smart contract and a front-end user interface, written in a language that their back-end can understand.

Blockchain Technology

A Beginner's Guide to Atomic Swap

Atomic swaps are highly decentralized and allow crypto asset holders to trade coins directly between blockchains (i.e., an exchange between an Ethereum blockchain and a Bitcoin blockchain). Atomic swaps employ hash timelock contract technology (HTCL).

Defi

Understanding Liquidity Pools in DeFi

Liquidity refers to the ability to purchase and sell assets in the market without generating significant price changes. A liquidity pool is a supply of funds locked in a smart contract and used to facilitate decentralized trading, lending, and other activities.

Yield Farming

What is Yield Farming?

Yield farming is the technique of maximizing returns through decentralized finance (DeFi). On a DeFi network, users lend or borrow cryptocurrency and receive cryptocurrency in exchange for their services.

Scalability

State Channels Explained

A state channel is a smart contract that allows off-chain transactions by enforcing strict rules that either party must agree to by signing off on it; this signature can be cryptographically proven on the Blockchain.

Blockchain

What are Blockchain Bridges?

Blockchain bridges are systems that connect different blockchains and enable users to exchange one type of coin or token for another. Blockchain bridges function the same way physical bridges do –linking two places together.

Blockchain

What are Smart Contract Security Audits?

Even though blockchain technology is well-known for its security due to its distributed database and decentralized nature, the applications built on it via smart contracts may not be as secure as expected.

Beginners Guide

What Are Smart Contracts?

Smart contracts help accelerate transactions while also increasing the credibility of blockchain technology. In practice, smart contracts are primarily used to automate value exchanges in the form of crypto assets.