Key Takeaways What Is a Smart Contract? A smart contract is a self-executing digital agreement written in code and stored on a blockchain. It can operate without the need for intermediaries, leveraging blockchain technology for increased security and transparency, providing users with a way to enforce agreements and streamline various processes. Smart contracts are particularly … Read more
What Is GameFi? GameFi is a fusion of blockchain technology, decentralized finance (DeFi), and gaming. It refers to play-to-earn blockchain games that offer economic incentives to players for participating. The GameFi ecosystem uses cryptocurrencies, non-fungible tokens (NFTs), and blockchain technology to create a virtual gaming environment. Typically, players can earn in-game rewards by completing tasks, … Read more
What Is a DApp? Decentralized applications, or DApps, are applications that are built on blockchain technology to create more transparent, secure, and inclusive systems. Regular applications are typically controlled and operated by a central entity, such as a company or organization. DApps, on the other hand, run on a blockchain and operate autonomously, relying on the collective … Read more
The Internet is a constantly evolving technology that continues to innovate. So far, we’ve experienced Web 1.0 and 2.0, and there’s much discussion of what to expect from Web3. Web 1.0 provided a static experience for users without the ability to create the content-rich sites we have today. Web 2.0 brought us together with social … Read more