Blockchain

Blockchain’s exponential development is attracting new users and industries. However, layer one blockchain networks need help scaling to meet demand.  Transactions can be processed off-chain via layer two solutions, making them faster and cheaper. However, interoperability between blockchains needs to be improved in layer 2.  Finally, layer three solutions tackle interoperability by facilitating interaction across […]

Introduction Scalability is a major concern as blockchain enters the mainstream. Blockchains will need to support significantly more users and transactions. That’s a complex task! The good news is that researchers everywhere are working on creating new ways to scale. This facilitates the expansion of blockchain networks without bottlenecks. The two most common methods are

Introduction Compared to the preceding two years, 2023 presents a unique opportunity to establish an entirely novel foundation upon which blockchain technology can expand. That’s because this year will be marked by the blockchain’s application layer, bringing in an array of new scaling options. At this level, the Web3 community can work on improving the

Introduction Are we talking about the newest blockbuster here? No! We’re discussing the efforts of the humble old blockchain to scale to meet the demands of its rapidly expanding user base. Let’s examine layer two blockchains and how they’re helping existing blockchains grow in scope today. The capacity to transfer currency across accounts without human

Introduction The blockchain ecosystem relies heavily on Layer 1 blockchains. The first layer serves as a solid base upon which the other levels can be created. When it comes to decentralization and security, layer 2 solutions rely on layer 1. Layers 1 and 2 work together to open the door to new and exciting uses

Introduction A blockchain is a particular type of distributed ledger; not all DLTs use blocks or chains to record transactions. The blockchain is an unbreakable digital ledger that keeps track of economic transactions. We can design it to track almost anything of value, not just financial transactions.  A blockchain, first called a “block chain,” is

Introduction In recent years, blockchain technology has become very famous, and its decentralized and safe nature has revolutionized many industries. Full nodes are essential to the blockchain ecosystem as a whole because of the function they play in ensuring the security of the network and verifying transactions. However, running a full node can be time-consuming

Introduction Traditional network services use a client-server approach. Clients like you must connect to a server to obtain the official copy of the shared resource. This facilitates synchronization (because the server has access to the most up-to-date version), but it is highly centralized. This may be problematic because it requires faith in the server, which