Lightning Network The Lightning Network (LN) allows participants to transfer BTC among themselves using their digital wallets for free. A second layer is added to the Bitcoin network to enable transactions between parties outside the blockchain, known as off-chain. Transactions. A second layer increases performance without compromising the security or decentralization features of the original […]
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Uniswap: Here is how the leading DEX was impacted by the collapse of FTX The spike in trading activity on the decentralized exchange over the past week has been attributed to the collapse of FTX and the resulting FUD and general distrust of centralized exchanges ravaging the cryptocurrency market. According to analyst WuBlockchain, trading volume
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Top 5 Blockchain Games to Invest In 2022 A blockchain game is any crypto or NFT game that uses blockchain technology with or without a play-to-win mechanic. CryptoKitties started the blockchain gaming trend in 2017: virtual pets represented as non-fungible tokens. — and expanded to include big names like The Sandbox and Decentraland, who have
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Each network participant maintains, authorizes, and updates new entries with the distributed network of blockchain architecture. An assortment of blocks with transactions in a specific order signifies the structure of blockchain technology. Blockchain architecture can take public, private, or consortium forms. The layered architecture of the blockchain is divided into six layers. Hardware infrastructure layer
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Nike lets people design and sells sneakers for the metaverse. The Iconic Brand’s latest project is a metaverse game called Swoosh, a web-enabled platform where people can buy virtual goods. It’s a marketplace, which makes sense because the breathlessly hyped internet of the future is very similar to today’s internet: commerce dominates. Swoosh exists in
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A beginner’s guide to understanding the layers of blockchain technology Understanding the layers of the blockchain technology If you’ve researched cryptocurrency or blockchain in any way, you’ve probably come across terms like layer one and layer two protocols. Curious about what these layers are and why they exist? In this article, let’s talk about the
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What is blockchain technology? Blockchains are distributed (i.e., without a single repository) and decentralized digital ledgers that are tamper-proof and resilient. At their basic level, they allow users to post transactions on a shared ledger within that group. The result is that no transaction can be modified once it has been published in the blockchain
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Anyone examining the blockchain can see each transaction and its hash value. Someone using the blockchain can act under a pseudonym if they wish or give their identification to others. Everything you see on the blockchain is a record of transactions between wallet addresses. Once a transaction has been recorded on the blockchain and the
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Sony’s PlayStation Up Next for NFTs? If NFT fans were to ask “Xbox or PlayStation,” they might have reason to be biased after this week. A new patent from Sony’s console games division has sparked excitement about possible future blockchain-based games for the console. Let’s look at the details surrounding the patent and how it
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Cryptocurrency (aka crypto) is a digital currency that serves as a medium of exchange. It uses cryptography to secure and verify transactions and control the creation of new units of a digital currency. Many cryptocurrencies are based on blockchain technology, a distributed ledger enforced by a computer network. Cryptocurrencies differ from fiat currencies like the
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