Technology
The 2 consensus algorithms you should know
Can you imagine the typical Christmas dinner with the whole family? Now, let’s suppose that the menu hasn’t been decided yet, and each assistant gives their opinion on what they would like to have for dinner. Probably, New Year’s would come and you would still be without an agreement and without dinner. Or worse, the […]
What are wallets and how do they protect cryptocurrencies?
When we talk about “traditional” wallets, we simply refer to the object we use to store our money in the form of coins, banknotes, or even debit/credit cards. However, it doesn’t seem to make much sense to talk about wallets when it comes to cryptocurrencies since one of their main characteristics is their digital nature. […]
The three best scalability solutions for cryptocurrencies
What is scalability? Scalability can be defined as the ability of any system or process to grow and adapt when the demand or workload increases. If this growth is possible without negatively impacting the quality of the system, then we can say it is scalable. In the world of e-commerce, for example, a sales process […]
6 basic concepts to understand the cryptocurrencies
Now that we already know what the DLT networks are and how their consensus protocols work, it is time for us to take a deeper look into their components. Every network is different to each other, and some of their elements can be difficult to understand. In some cases, these elements are mandatory to fully […]
What are the tokens ERC-20, ERC-721 and ERC-1155 used for?
In previous posts we have been talking about what the tokens are and what tokens are the most popular. We have also introduced the concept of the ERC-20 token from Ethereum. In this post we will dive into this concept and we will explain everything about ERC-20, ERC-721 and ERC-1151 and their applications. What is […]
The Scalability Trilemma and its impact in Blockchain
Definition of the Scalability Trilemma Since its description by Vitalik Buterin, the Scalability Trilemma has become one of the weakest points for the blockchain networks and the cryptocurrencies. This conflict comes from the design of any blockchain network itself, which must find an equilibrium among the scalability, security and decentralization. The conflict exists because it […]
Metaverse handbook: Does it make sense to use cryptos?
We live in times of continuous technological innovations which grow quickly. These innovations are usually complementing each other, allowing a higher growth and a better integration in society. The last of these synergies is the relation between the cryptocurrencies and the metaverse, which is expected to be massively used in the future. In this post […]
Everything about DAOs and how they will impact us
One of the most innovative applications of the blockchain technology are the Decentralized Autonomous Organizations (DAO). These organizations are something similar to communities where Smart Contracts define how they work. In these contracts the protocol defines all the conditions so the community can work independently. This imply that there is no need for external intervention […]
The 3 most important types of tokens you should already know
Due to the appearance of the cryptocurrencies and the increasing use of the underlying technology, there are some concepts which have been mentioned quite frequently but their meaning is not fully clear. We are talking about the token. In this post, we will be focusing on this concept. We will see what the tokens are, […]
How DLT works and how to distinguish it from blockchain
Since the appearance of the cryptocurrencies, it is very common to refer indifferently to DLT networks and blockchain. Both are technologies based on distributed ledgers, but they are not exactly the same. In fact, the later is a particular use case from the former. Today we will define the DLT networks, we will analyze their […]