Today’s topic of discussion is quite intriguing. This is a question that people who create content about Web3, Cryptocurrencies, and dApps may have been asked at least once or twice by the community. While using the Ethereum or Polygon networks may appear simple to the typical user, determining who owns these networks might be difficult for newcomers. To address this question, we must first grasp a few concepts regarding blockchains, which, unlike traditional databases, store…
Web 3.0 has been labeled as the future of the modern internet, and it differs significantly from Web 2.0. Similarly, Web 1.0, which was developed in the early 1990s and early 2000s, was intended to be a read-only service, with static web pages delivering content and information to anybody at any time. Image of an early version of Web1.0. Better user experience, personalization, and dynamic content, where users may both generate and edit data on…
Most of us are pretty familiar with trading on a centralized cryptocurrency exchange being unaware of the risks associated with the process. Today’s article is a summary of the top 5 risks associated with these platforms which most of us are unaware of. Before we go any further, a short disclaimer: this piece of content is not written to cause panic or FOMO among readers. For the majority of retail investors, a reputable exchange such…
Nobody can deny that the cost of ordinary goods has risen significantly in India in the last year. Inflation has been continuously over the upper band of 6% for the past four months. CPI climbed to a new high of 7.79 percent in April, up from 6.6 percent in March. Food Inflation rose to 8.4% from 7.7% in March followed by Fruits (9.5%), oils and fats (2.5%), spices (2.1%) and cereals (1.1%). Credits: PEXELS India…
For the average person who isn’t very tech-savvy, Big Exchanges are unquestionably safe. They do, however, come with their own set of risks. Millions of dollars in customer cash are held in exchanges’ hot wallets, making them a possible target for hackers. Big figures have been involved in some of the most significant hacks in Crypto history. Mt. Gox – $8.75 Million in 2010 & $615 Million in 2014KuCoin – $281 Million in 2020Upbit -…
Every other Crypto YouTuber is scouring charts for the next level of Bitcoin support. The largest digital asset by market cap, is currently trading at $33,000 while I write this article. Some analysts anticipate the digital asset could soon reach the $25,000 mark soon. Ethereum is trading at $2400 and is down by 36.45% from a year before. Even outside of the cryptocurrency markets, the Indian Top 50 Large Cap Index Nifty has slumped to…
Through this article, we will try to better understand what is a Decentralized exchange, how they work, and learn to access them using Metamask/Trust Wallet. What is a DEX? A decentralized exchange is a platform where transactions occur directly between traders using an Automated Market Maker protocol. All transactions done on a DEX are made directly on the blockchain and are visible publicly. Popular examples of DEXs are Uniswap and SushiSwap which run on the…
Inflation is one of the most important economic elements that determines a country’s costs and affordability. It has the ability to both increase demand during a recession/economic slowdown and devalue millions of people’s wealth at the same time. It has suddenly become a buzz term in the economy during the last couple of years, as the price of everyday commodities in India has begun to rise. Looking at the facts, India’s average inflation rate has…
Nobody can deny that UPI (Unified Payments Interface) has been a huge success in India. Paytm, Google Pay, and PhonePe, for example, are now accepted practically everywhere else, including retailers, e-commerce platforms, and brick-and-mortar stores. Today, almost everyone with a smartphone uses one of these apps to make payments. The National Payments Corporation of India (NPCI) is the organisation in charge of India’s huge payment and settlement system. The UPI Infrastructure, which allows for free…
