A liquidity pool (LP) is a collection of tokens that are locked in a smart contract. While eliminating the need for centralized market makers, they enable users to easily trade cryptocurrencies on decentralized exchanges and other decentralized finance (DeFi) platforms. Traditional financial markets such as stock, foreign exchange, and bond…

Distributed ledgers, unlike Centralized Ledgers, do not have a central data store and eliminate the need for a single authority, thereby preventing manipulation. It is a digital asset transaction recording system in which transactions and their information are recorded in several places at the same time. …

Decentralized autonomous organizations (DAO) are considered as a revolution in the organizational structure. Due to the fact they are based on the blockchain, they differ from traditional organizations in many ways. For example, unlike traditional organizations which are usually controlled by a single entity or central decision-makers, decentralized autonomous organizations…

Metaverse provides an online space for users that they can interact with each other on a different level than it is common right now. It puts virtual reality (VR), online gaming, social media and cryptocurrencies together to let users interact virtually. …

A DApp is an application that can work independently and is not centrally controlled. It works regularly through smart contracts running on a decentralized computing, blockchain framework. Table of Contents What are DApps? Key difference between Apps and DApps? Most popular DApps What is the Point of DAaps? What are their advantages and…

Web 1 & Web 2, predecessors of the internet The first generation of the internet was its 1st version, the Web 1 that is arrived in the late 1990s. The users were just passive viewers and rarely made content. Examples of Internet sites that are classified as Web 1.0 are Britannica Online, personal websites, and mp3.com. These websites are…

Generally, on-chain transactions are accessible on the distributed ledger, thereby becoming observable to all the nodes on the blockchain network. Contrary to the on-chain, Off-chain transactions are transfers of value outside the main network. Each of these two ways of executing a transaction and storing data has its own…

Generally, on-chain transactions are accessible on the distributed ledger, thereby becoming observable to all the nodes on the blockchain network. Contrary to the on-chain, Off-chain transactions are transfers of value outside the main network. Each of these two ways of executing a transaction and storing data has its own advantages…

Tokenomics is a new term in the world of cryptocurrencies, which has been formed by the combination of two words “token & economy”. Tokenomics deals with all details related to a cryptocurrency such as its creation, distribution, burning or removal, and supply of a cryptocurrency. …