November 11, 2022
Minting an NFT (Non-fungible Token) is uploading a digital asset onto a blockchain, this in turn grants the NFT distinct features and a unique ID. This is done so that it can be bought, sold, traded or permanently registered on-chain. Below @DanMazz sheds light and important information… Read more...
August 24, 2022
Ethereum is a decentralized blockchain platform with smart contract functionality, which verifies and executes transactions.It has diverse applications varying from dApps, DeFi, NFTs, etc. The merge, expected to happen on September 15th, is an upgrade of Ethereum’s blockchain, which will change the system of transaction processing, from Proof of Work (POW) to Proof of… Read more...
August 2, 2022
Smart contracts are codes or transaction protocols that are written and published on a blockchain, to automatically execute actions. These actions are carried out when predetermined conditions are fulfilled by the parties involved in an agreement. Smart contracts are majorly adopted because they’re immutable and self-executing. It’s utilized in various sectors of society such as;… Read more...
August 2, 2022
Minting is the process of creating or generating something. “MINTING” in Blockchain terms mean; verifying information, producing a new block (cryptographic data), and recording that information into the blockchain. An NFT or new cryptocurrency can be minted. Minting an NFT means converting digital data into digital assets recorded on the blockchain. FACTORS THAT INFLUENCE… Read more...
July 25, 2022
NFT stands for a non-fungible token. NFTs are distinguished by their unique properties. NFTs are cryptographic tokens stored and registered on the blockchain with the aid of a smart contract. ••HISTORY OF NFTs The concept of NFTs has been with us since December 2012, beginning with the creation of coloured coins (Bitcoin blockchain). On… Read more...
July 21, 2022
Smart contracts are self-executing programs that are written in code (</>) and stored in the blockchain network; they only take effect when all requirements are met by the parties involved. Smart Contracts were popularized in the early 1990s by Nick Szabo. For a Smart Contract to work, the principles of “if/when… then…” must be… Read more...
July 13, 2022
BLOCKCHAIN TECHNOLOGY is a digital system created for documenting and storing data in a unique procedure that makes it hard or impossible to alter or hack the system. It is meant to serve as a ledger where data will be collected and stored in sections known as “BLOCKS”, this will allow the stored information to… Read more...
June 15, 2022
– By Danmazz Underneath NFTs are smart contracts. One of the most significant advantages that Blockchain technologies bring to the table is the flexibility of smart contracts and their ability to tie conditions to them. What seemed complicated before is now simple thanks to this smart new tech. Smart contracts are a necessity… Read more...
