10 Blockchain Protocols to Know in 2023
10 Blockchain Protocols to Know in 2023 Blockchain technology has come a long way since its inception in 2008 as the underlying technology for the first cryptocurrency, Bitcoin. Today, the use cases for blockchain technology go far beyond just cryptocurrencies, and the number of blockchain protocols has exploded in recent years, and records are available…
What Is JSON-RPC (Remote Procedure Calls)?
What Is JSON-RPC (Remote Procedure Calls)? Summary JSON-RPC (JavaScript Object Notation Remote Procedure Call) is a protocol that enables the communication between client and server applications. It uses JSON to encode data and transmit it over HTTP, making it lightweight and simple to understand and implement. JSON-RPC is a remote procedure call (RPC) protocol. It…
What Is An RPC Node – A Comprehensive Guide
What Is An RPC Node – A Comprehensive Guide Summary RPC nodes are a Blockchain network that can be queried for information and used to initiate transactions. The purpose of RPC nodes is to allow decentralized applications and clients to communicate with a Blockchain network. RPC nodes listen for requests, respond with the necessary data,…
What Is Ethers.Js – A Detailed Guide
What Is Ethers.Js – A Detailed Guide Summary If you are a developer looking to get started with Ethereum development, ethers.js is a great tool. Ethers.js is a JavaScript library for Ethereum Blockchain development. It provides a simple and easy-to-use interface for interacting with Ethereum smart contracts. It supports contract deployment, function calls, and events…
How To Buy An Ethereum Name Service (ENS) Domain?
Summary: ENS allows users to register easy-to-read domain names, such as “mydomain.eth”, and map them to machine-readable addresses, such as Ethereum addresses or content hash addresses. ENS consists of two smart contracts. The first contract, the ENS registry, stores all the domain names and important information. The second contract resolver’s purpose is to convert the…
Understanding the Interdependence of Web3 and Blockchain
Web3 and Blockchain are often considered parallel technology. These buzzwords are sometimes mistaken to understand with clarity and are often linked with cryptocurrency. But is it true that Blockchain and Web3 gain meaning and use cases by crypto? No, it is so much more than that. Web3 is a set of specific technologies that are…
Blockchain Trilemma: Is It Inevitable With Blockchain?
Blockchains could handle limited transactions in one second. For example, the Bitcoin network can process approximately 7 transactions per second. The world is looking forward to adopting Blockchain technology in mainstream applications, and this transaction limit hinders global adoption as it should be much more capable. For instance, if Blockchain technology is adopted globally, it…
A Beginner’s Guide To Understanding DAO Governance Models
DAOs are a new and evolving way of structuring organizations. These are organizations built on rules codified as computer programs that are usually transparent, managed by the organizational stakeholders, and uninfluenced by any central authority. Different DAO governance models exist, each with its advantages and drawbacks. Which governance model is best for your DAO depends…
How to Create & Run a DAO? A Comprehensive Guide!
When we talk about organizational structures, we usually think about the centralized cluster where instructions flow in a hierarchical chain. This system surely ensures a sense of discipline within the organization. Though, it knocks out the freedom of expression, especially at the lower levels. So, when DAOs came into the picture, business magnates started exploring…
Toyota, UTokyo, and Trende All Set To Test Blockchain-Based Electricity System
In a press release on 23 May 2019, it was revealed that Japanese car manufacturer, Toyota, University of Tokyo, and online renewable energy retailer Trende Inc. plan to conduct tests for a blockchain-powered electricity system. The pilot test is scheduled to be conducted on 17 June. The pilot will include testing a peer-to-peer electricity system…
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