Blockchain - Cwallet Blog (Page 2)

Physical NFTs Explained

Physical NFTs are digital tokens of ownership tied to a real-world asset. These assets combine digital and physical components and can be used to establish ownership of real-world assets such as artworks, fashion items, property deeds, tickets, and more.

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

Web 3.0

What Are Web3 (Blockchain) Domains? How Do They Work?

Web3 domains work by using a decentralized domain name system (DNS) that is built on top of a blockchain. This decentralized DNS allows users to register and manage their own domains without the need for a central authority.

Satoshi Nakamoto

Who Is Satoshi Nakamoto? Exploring Bitcoin's Backstory

there has been a curious quest to discover who Satoshi Nakamoto is, and this has followed through with so many controversies; some believe Nakamoto is a group of people, a woman disguised as a man or even a wanted criminal. In the quest to unravel the mystery behind the pseudonym

Blockchain

What Does It Mean For A Blockchain Network To Be Censorship-Resistant?

Censorship resistance refers to the ability of any random crypto user to make irreversible and trustless transactions without requiring permission from any third party. Blockchain transactions only require nodes to secure the network by confirming transactions

Non Fungible Tokens

The NFT Metadata: What It Is and How It Works

Metadata is information about other data; in the case of an NFT, it specifies the core characteristics of the NFT, such as its name, description, transaction history, visual or auditory assets, and other elements deemed relevant by the token's inventor.

cryptocurrency

How To Create Your Own Cryptocurrency

Writing crypto coding from scratch is difficult and time-consuming. However, open-source code for some cryptocurrencies like Bitcoin and Ethereum may be seen on GitHub. You may modify it to suit the way you like. You can accomplish the assignment by hiring a development team.

Blockchain

What Is A Blockchain API and How Is It Used?

Blockchain APIs enable applications to read data to and from Blockchain-related platforms like crypto exchanges, portfolio management applications, automated trading platforms, analytics, and security.

Crypto Bear Market

Bear Season Not Over Yet - Is The Crypto Market In A Bull Trap?

This shows that the last rally is nothing but a bull trap that will be accompanied by a market correction. In our analysis two weeks ago, we mentioned that it may be too early to call an end to the bear market, and advised that it would be better to wait it out and observe.

KYC

What is KYC in Crypto? How To Create An Account Without it?

KYC refers to the obligation of the crypto exchange to conduct individual identity & background checks on its users before allowing them to access its platform. Learn how to create a CCTIP Account without KYC verification

Blockchain Technology

On-chain Vs. Off-chain Transaction: Difference Explained.

On-chain transactions are cryptocurrency transactions that take place on the blockchain and are validated by the integrity of the network. Off-chain transactions refer to those that happen away from the blockchain. They involve a third party who acts as a guarantee.

Blockchain

The Future of the Internet: How IoT Will Be Applied With Blockchain

When combined with blockchain technology, the Internet of Things (IoT) has the potential to revolutionize the world as we know it. Blockchain and IoT have incredible crossover potential, but it's only in their shared embrace that we'll see their full potential realized.

Blockchain Technology

What is Blockchain-as-a-Service (BaaS)?

As a result of the commercial interest in implementing blockchain technology and extending its benefits to a broader business community, the technology is being offered through an "as-a-service" business model known as Blockchain-as-a-service.

Blockchain

AI Blockchains - What Are They And How Do They Work?

Artificial Intelligence blockchains are a new type of blockchain that uses artificial intelligence to help manage the network; AI can help keep the blockchain running smoothly by validating transactions and keeping track of changes

Crypto News

Crypto/Blockchain half-year round-up. What have we learned from January to June?

- Prolonged Bear Market - Rise of STEPN and Move-to-Earn (M2E) - DeFi Success - DeFi Hacks - NFTs - GameFi Growth - UST Depegging and Terra Ecosystem Travails - Solana Ups and Downs - Ethereum Merge Postponed

Web 3.0

Web 3 Careers To Save You From Recession

Of course, there is no limit to the available roles in a Web3 company; however, some roles are in demand more than others, particularly software development, content marketing, and data science.

cryptocurrency

Crypto Usage in the Business World

The fact that cryptocurrency is both a store of value and a medium of exchange emphasizes the relationship between cryptocurrency and the business world. Moreover, because cryptocurrency can be adopted for a wide range of use cases, it is more than just a digital representation of value.

DLT

What is Distributed Ledger Technology (DLT)?

Distributed Ledger Technology refers to the protocols & supporting infrastructure that enables computers to offer & authenticate transactions & update records in a synchronized manner across a network. DLT makes it easier to protect information.

UTXO

UNSPENT TRANSACTION OUTPUT (UTXO) EXPLAINED

An unspent transaction output (UTXO) is the leftover cryptocurrency in a wallet, following a transaction. So, for example, if you have 10 BTC as your Bitcoin balance, it isn’t just a single unit of 10 BTC but accumulated UTXOs of several leftover balances.

zk-proof

Zero-Knowledge Proofs: STARKS vs. SNARKS explained

Zero-knowledge proof is a cryptographic technology that helps prove a transaction’s validity without revealing the information in that transaction. In other words, a “prover” has to convince a “verifier” that the information sent is true without divulging the information itself.

CeFi

CeFi vs. DeFi -What is the difference?

CeFi (centralized finance) & DeFi (Decentralized Finance) both have the same goal, i.e., decentralization by giving individuals access to the financial system. However, they achieve these goals in different ways.

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).

Blockchain

WHAT ARE MINING POOLS?

A mining pool involves the collaboration of hundreds or thousands of interdependent miners running the same mining software (client). Since they have cumulatively invested their resources towards mining, they will stand a better chance of earning mining rewards.

Bitcoin

HISTORY OF BITCOIN FORKS

A Bitcoin fork is a new version of bitcoin's open-source software, with an upgrade to its underlying technology... a Bitcoin fork happens when two sets of miners cannot reach a consensus on the blockchain update to follow; hence, the blockchain splits into two versions.