Tag: Blockchain
Cryptocurrencies are revolutionizing everything, finance, art, and now video games. This is Axie Infinity, the new blockchain video game, that allows you to earn up to 33 USD per day and is generating a true revolution.
What is Axie Infinity about?
Axie Infinity is an NFT video game, it is based on non-fungible tokens and is currently the most valuable NFT collection. Tokens are unique digital assets, they are like digital...
What are NFT Avatars?
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The most common kind of asset created on the Ethereum blockchain network is non-fungible tokens (NFTs).
ERC stands for “Ethereum request for comment” and refers to the network’s many phases of development. The most widely used standard is ERC20, which was adopted in 2015. USDT (USDT), USDC (USDC), Basic Attention Token (BAT), and Dai (DAI) are just a few of the well-known digital currencies that utilize the ERC-20...
What are Cryptocurrency and Tips for Beginners
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Cryptocurrency is simply a type of currency only in a computerized format. It is a digital asset formulated to operate as an exchange medium wherein transactions are stored on a decentralized ledger called ‘blockchain.’
It is a modern way of conducting business and has many merits. It eradicates the requirement for a governing body. Transactions are done on a P2P (peer-to-peer) network without the need for intermediaries.
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Mainnet
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A mainnet is a fully developed and released version of a blockchain network. This stands in contrast with a testnet, which is generally used to perform tests and experiments on a blockchain before a mainnet is released. Testnets are used while a blockchain is live for experimentation and development as to not disrupt the main chain.
How Does a Mainnet Work?
There are a few key phases that may occur before the mainnet stage. When a token...
Immutability
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Immutability refers to the property of data being irrevocably codified in the shared data ledger of a blockchain network once a transaction has been successfully completed. The vast majority of non-blockchain computer networks are changeable, which means that the information contained inside them may be changed, censored, or controlled by a central authority or organization. Immutability enables a blockchain network to guarantee the overall...




