Ethereum sustains its position as the 2nd most popular cryptocurrency, behind Bitcoin. In 2017, a game called CryptoKitties was released on Ethereum. It is famous for causing the gas fees on Ethereum to skyrocket and created many bottlenecks for the blockchain.

As the world’s first programmable blockchain that can host…

What is a consensus mechanism?

In traditional databases, a few “trusted” people have permission to update and verify information. At a very high level, blockchains are global, decentralized databases where many people have their own copy of the database. Anyone can propose changes and everyone has access to the information. Because many people have a…

What is an NFT?

A non fungible token is a digital asset that usually has a front-facing artistic component and back-end functionality that is uniquely verifiable and can be programmed to give people exclusive access or perks. An example of an NFT is digital art or a digital token.

The difference between a fungible and non-fungible tokens

A fungible token can be…

You’ll often hear people say that the supply cap of Bitcoin is 21 million so there is no inflation after all Bitcoin are mined. But why does the supply cap matter?

Stock-to-flow ratio

For any asset, there is something called the stock-to-flow ratio. This ratio is the amount of an…

Barter

Humans started out trading with each other. If I had apples and I wanted fish, I would find someone who had fish and wanted apples to trade with. This meant I had to find someone who (1) had what I wanted before my food went bad and (2) wanted what…

You might’ve heard the term bitcoin floating around for a while now. Maybe you’re wondering if it’s an investment opportunity that will make you rich.

Bitcoin recently hit $35,800 USD. That’s right — one bitcoin can be worth over 35,000 dollars. And the insane thing about bitcoin? It started off…