What Is NFT Virtual Land in the Metaverse?

NFT virtual land is an ownable area of digital land on a metaverse platform. Popular NFT land projects include Decentraland, The Sandbox, and Axie Infinity. NFTs are suited to representing land ownership as each one is unique and easily proves digital ownership. You can use NFT land for advertising, socializing, gaming, and work, among other … Read more

What Is Yield Farming in Decentralized Finance (DeFi)

Yield farming, also known as liquidity mining, refers to the lending or staking of cryptocurrency in decentralized finance (DeFi) protocols to earn additional tokens as a reward. Yield farming has become popular because it offers the potential to earn higher returns compared to traditional saving methods What Is Yield Farming in Crypto? Yield farming, also … Read more

What Is Blockchain and How Does It Work?

Blockchain technology has transformed industries, especially finance, by introducing a decentralized, transparent, and secure way of managing data and transactions. While it began as the foundation for cryptocurrencies like Bitcoin, its applications have grown to include supply chain management, healthcare, voting systems, and much more. Key Takeaways Introduction Blockchain technology has transformed industries, especially finance, … Read more

Virtual Machine

A virtual machine (VM) is a program which emulates a computer system. It has a virtual CPU, memory, and storage and appears, from the outside, to be no different than a physical machine with the same hardware. How Does a Virtual Machine Work? A virtual machine has an operating system, files, and applications. It works … Read more

Peer-to-Peer Networks Explained

In financial technology, the term peer-to-peer usually refers to the exchange of cryptocurrencies or digital assets via a distributed network. A P2P platform allows buyers and sellers to execute trades without the need for intermediaries. In some cases, websites may also provide a P2P environment that connects lenders and borrowers. What is peer-to-peer (P2P) In … Read more

What Are Decentralized Applications (DApps)?

What Is Decentralization? Decentralization refers to the distribution of power, control, and decision-making across a network or system instead of a single organization or individual. Decentralization is characterized by the distribution of responsibility and authority among multiple participants instead of a single entity making all the decisions. In centralized systems, there is usually a central … Read more

Blockchain Use Cases: The Internet of Things (IoT)

The convergence of the various types of innovative devices (such as RFID chips, sensors, and the Internet) and their increased accessibility eventually gave birth to the concept of the Internet of Things (IoT). IoT technology marks a significant shift in the Computer Age that now allows for more than just computers to be connected through … Read more

What Is a DoS Attack?

In short, a DoS attack (or Denial-of-Service attack) is a method used to disrupt legitimate users’ access to a target network or web resource. Typically, this is accomplished by overloading the target (often a web server) with a massive amount of traffic – or by sending malicious requests that cause the target resource to malfunction … Read more