When the question of blockchain sustainabiity surfaces, it becomes clear that despite the attractive features like minimization of trust and data security, blockchain must eliminate its leading drawback- scalability. Resolving this has been a focal point of research in the space. Starting from the introduction of the Bitcoin Lightning Network
It is no longer news that the crypto space has witnessed several regulatory policies, including taxation. The United States Internal Revenue Service has described cryptocurrency as a convertible virtual currency. Furthermore, cryptocurrency is treated as a property, and as such, it accrues capital gain tax. With the latest d evelopments
Introduction Developing decentralized applications requires a lot of planning, from selecting the suitable blockchain for your project to integrating necessary infrastructures like RPCs and APIs to facilitate swift interaction between your application and other blockchain functionalities. Developers must identify the right tools to enhance system efficiency and provide users with
Introduction Decentralized applications leveraged blockchain technology to change the way users interact with app functionalities. Using the decentralized nature of blockchain, dApps introduce users to a peer-to-peer network, eliminating the need for intermediaries and reducing the time required to transact. Also, the security and integrity of decentralized applications are preserved
Introduction Back in 2022, Chainanalysis reported that over $2 billion had been exploited by attackers on over thirteen DeFi protocols; these include over $570 Million stolen on Binance, $600 from a bridge protocol behind the popular gamefi project, Axie Infinity, and over $35 million from the Wormhole network. The repetition
Introducing blockchain to elevate our financial systems drives passion and high expectations. Over time, this system has proven efficient by removing reliance on intermediaries in several industries, improving transparency, and eliminating coerced trust. Hence, blockchain is not simply a tech tool for decentralized finance; it has witnessed adoption in notable
Introduction The growth of decentralized finance and the use of blockchain in other spaces amplify the demand for an efficient and scalable blockchain. While Layer 1 blockchains offer users a secure and decentralized way of performing transactions, storing data (using decentralized data management tools like The Graph), and exploring the
A Altcoin: Used to describe cryptocurrency other than Bitcoin. These include digital assets like Ethereum, Solana, Pol (ex-Matic), and ARB. Airdrop: One of the most popular terms in the cryptocurrency space. Cryptocurrency projects use it to gain visibility for new tokens by giving out the tokens to eligible participants. Usually,
Introduction The advent of web3 is not an attempt to create another internet; instead, it is one dedicated to enhancing the internet's efficiency through innovative development. At the forefront of this movement is The Graph, a web3 infrastructure designed to empower decentralized application developers with data management and data retrieval.
Introduction When regular traders initiate transactions on the blockchain, they hardly wonder what happens afterward. Transactions on blockchains are facilitated in seconds, which makes asking such questions unnecessary; however, this makes transactions susceptible to unfair trading practices like Maximal Extractable Value (MEV), also known as an invisible tax. Even advanced
TL;DR This article compares the two types of Rollups - Optimistic and zk Rollups. While Optimistic Rollups ensure the scalability of blockchains by rolling up transactions, allowing swift submission, and validating before finalizing the transactions, zk Rollup comfirms the validity of every rollup transaction at the point of submission,
Introduction In the ever-evolving world of cryptocurrency and blockchain, notable innovations often focused on improving blockchain security and enhancing earning opportunities for investors. Restaking is an approach that fulfills the investors' need for high returns while improving the utility of cryptocurrency assets. While many are still skeptical about giving this
Introduction It is no news that cryptocurrency offers an extensive earning mechanism that allows market participants to earn rewards on their crypto assets. While users can earn rewards by actively participating in cryptocurrency trading, airdrops and other investment options, the crypto space also boasts an attractive passive earning approachs like
Introduction While the invention of blockchains like Ethereum and Bitcoin introduced the idea of decentralization, what truly maintains it is the presence of infrastructure that goes beyond the traditional need for decentralized finance to capture the ultimate need for latency, fast throughput, and accessibility. As a web3 developer, your ability
TL;DR If the efficiency of Layer-2 chains bothers you as a web3 dApp developer, then it is time to opt for zkLink Nova, the first of its kind layer-3 aggregated zk-rollup blockchain, on Chainnodes. zkLink Nova gives developers access to an EVM-compatible blockchain with extensive interoperability for multi-chain transactions.
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Alchemy recently made an announcement about their new "Scale Tier" (see screenshot below). We will get into details on how the Scale plan compares to Alchemy's other plans and if they really made a big leap from being the most expensive to being the cheapest RPC provider. As you can
It can be hard to choose the right node and infrastructure provider for building and running in the Web3 space. To make things easier, we compare four popular providers and their pricing models for different use cases. The providers we compare are Infura, Alchemy, Quicknode and Chainnodes. We use the
Chainnodes, a top web3 infrastructure and node provider, now accepts Crypto subscription payments using decentralized payments secured by smart contracts. Chainnodes lets businesses and developers fuel their dApps, games, and other web3 products with reliable RPCs. Chainnodes constantly aims to stay at the cutting edge of the cryptocurrency world. That's
For those new to the world of blockchain, the concept of a node may be confusing. A blockchain node is a computer that helps to maintain a blockchain network by validating and relaying transactions. Nodes are essential to a blockchain network as they help keep it secure and decentralized. But