A consensus mechanism is a protocol that ensures all participants in a decentralized system agree on transaction validity. It builds trust without a central authority by preventing tampering and fostering reliable collaboration. Popular types include Proof of Work...
A decentralized exchange (DEX) lets you trade cryptocurrencies directly with other users without relying on a central authority. You maintain full control over your assets, and transactions are managed through smart contracts on the blockchain, ensuring transparency....
A decentralized app (Dapp) is a type of application that runs on a blockchain network, giving control to users rather than a central authority. These apps use smart contracts to automate actions based on predefined conditions. They’re open source, allowing...
Smart contracts are self-executing contracts written in code that automatically enforce terms when predefined conditions are met. They operate autonomously on blockchain platforms, eliminating the need for intermediaries like banks or lawyers. This leads to enhanced...
The Markets in Crypto-Assets (MiCA) Framework is a comprehensive regulatory approach for cryptocurrencies in the EU. Launched in September 2020, it aims to promote innovation while ensuring market integrity and consumer protection. MiCA categorizes crypto-assets,...
To scale blockchains, it is important to optimize nodes for better transaction processing and properly incentivize validators. Sharding divides the network to process transactions at parallel (reducing overall load), while layer 2 solutions like state channels and...
