Dapps

The Internet and blockchain technology are the precursors for an age that supports virtual digital currencies. Therefore, the need for technological advancement is eminent as the world becomes more digital. Above all, centralization is an ownership problem that decentralized finance fixes. Elrond network is a highly secure, fast, efficient, and scalable blockchain platform for distributed apps. Its primary objective is to construct a transparent architecture for different economies. Additionally, it aims to have low latency and high bandwidth transactions. Most…

The Solana (SOL) token has tripled its price in less than a month as the cryptocurrency market posted staggering losses. On Tuesday, a wave of selling pressure pummeled the prices of nearly every single coin. SOL is heading to better heights as many DApps, stablecoins, and DeFi projects build platforms on the network. The token now has a market value of over $51 billion, according to CoinGecko. Solana hit the news recently as among the fastest-growing cryptos this year as it…

Not many blockchain-based platforms have taken the world by storm in such a short time, but Internet Computer (ICP) seems to have crossed the threshold. As a disruptive technology, this protocol wants to alter the internet by injecting decentralization and reducing the effects of a few tech giants. The proprietary protocol that this platform uses to offer its innovations is the Internet Computer Protocol (ICP). With the tools that this ecosystem provides, developers can conveniently churn out dApps. Also, they can…

Binance native token BNB price reaches new heights and has just dethroned Tether to become the 3rd biggest cryptocurrency based on market cap. This surge in price is thanks to the rise of Binance Smart Chain (BSC) and other protocols of its ecosystem, such as PancakeSwap.  Binance Coin (BNB) Breaks All-time High Binance ecosystem utility token Binance Coin (BNB) has experienced a massive increase in price in recent weeks. In today's early hours, BNB set a new all-time high of…

As the number of new blockchains continues to surge, a glaring question appears: who will deliver a solution to blockchain interoperability? There are already some crypto projects like Band Protocol attempting to solve this age-old problem, but the answer may come from a project outside of the crypto space. Quant Network is a UK-based blockchain company that may have what it takes to support technologies and applications from different blockchains working together. What is Quant Network? Quant Network is a…

Blockchain veteran Dan Larimer formed EOS as a social smart contract platform. The EOS white paper, published in 2017, proposed releasing an open-source software system (EOS.IO) to help entrepreneurs and app developers create DApps quickly and easily. Future users' main benefits were server hosting, cloud storage, and user authentication. EOS was marketed, developed, and released by a private institution, block. One, under Dan's leadership. EOS made mainstream headlines when its Initial Coin Offering (ICO) campaign attracted over $4 billion from investors who saw it as…

On the 4th of December, 2012, a paper was released by cryptographer, mathematician, and President of the Israeli Bitcoin Association, Mr. Meni Rosenfeld. The article was titled "Overview of Colored Coins," wherein Meni explained a mechanism to take advantage of Bitcoin's "fungibility" by segregating a certain number of coins from the rest for particular purposes. Meni argued that adding "specialty" to coins by segregating them from the rest could help form niche applications within the Bitcoin blockchain. By "coloring coins,"…

Decentralized Finance (DeFi) and Decentralized Apps (dApps) are the two major innovations in the crypto space that leverage blockchain technology. These two innovations help eliminate third parties, known as centralization, and give users control over their finances.  Both DeFi and dApps are increasingly becoming common in the FINTECH industry as they provide users with data privacy and eliminate monitoring by government and regulatory authorities. DeFi, in particular, has been adopted by Nasdaq and is set to disrupt the traditional banking…

Decentralized applications (dApps) have significantly changed the field of blockchain tech. They are a new software application that does not undergo downtime and is not owned by any central authority.  In recent months, Dapps have made inroads in various fields like gambling, technology, education, finance, and others areas.  Ethereum (ETH) was the first blockchain that unlocked Dapp's true potential by allowing developers worldwide to create unique apps on the platform. However, many other blockchain networks joined with time, resulting in…