What is Proof of Stake (POS)?

what is 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?

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?

zkRollup numio 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?

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 […]

What are NFTs?

What are NFTs?

NFTs, or non-fungible tokens, are the latest gold rush to seize the imagination of the crypto community. They are blockchain-inscribed certificates of ownership attached to digital media. They promise to bring a sense of ownership to digital art that opens the door to the creation of a thriving, eclectic marketplace that connects artists and their […]