A Short Handbook of Layer 2 Solutions
Optimistic and Zero-Knowledge Rollups, Channels, Plasma, and Sidechains: A Short Handbook of Layer 2 Solutions Layer 2 solutions are a way to improve the scalability of the Ethereum mainnet. They, through a variety of methods, ease congestion on the chain. By doing so, they make it possible for Ethereum to handle a wide range of […]
What are Smart Contracts?
Deal or No Deal: Smart Contracts Explained Smart contracts are why the currency part of cryptocurrency is an outmoded term to define the space as a whole. Ethereum’s introduction of smart contracts envisaged a future where human agreements could be made on-chain. Agreements that are inviolable, trustless, automatic, and secure. Smart contracts are the fundamental […]
What is Proof of Stake (POS)?
What is Proof of Stake (POS)? Proof of Stake (PoS) is the most common consensus mechanism in crypto. Although the mechanics vary in the details (which we’ll explore later), the fundamental concept is the same. In simple terms, PoS works by making members of a network have a vested interest in the health and success […]
What is DeFi?
Decentralized finance, commonly referred to as DeFi, stands opposed to CeFi (Centralized Finance) or TradFi (Traditional Finance) as a way of utilizing the implicit qualities of blockchain – security, trust, and decentralized governance – to replace the financial services and institutions which have long played an outsized role in our day to day lives. How […]
What Are zkRollups?
zkRollups stands for “zero-knowledge” rollups. As a protocol, they are a way of interacting with the Ethereum main chain that sidesteps common issues with transaction cost and speed, as well as providing a solution to scalability. They are one of many “layer 2” solutions being developed for Ethereum to help overcome its core issue with […]
What is a DAO?
Decentralized Autonomous Organizations, or DAOs, represent democratic organizational structures for blockchain-based projects, ensuring that there is no central leadership. Decisions within a DAO are made by the community, who usually hold tokens that represent their vote share, and conform to a predetermined set of rules. What Are the Advantages of DAO Governance? The advantages of […]