Basics to blockchain, crypto, and ethereum.
6 Jun 2024 1 minute read 1 comment Ether Crunch
An oracle is an entity that provides external or off-chain data to smart contracts. To understand the importance of oracles, it is critical to understand on-chain and off-chain data, along with their interaction with smart contracts. On-chain vs...
4 Jun 2024 2 minute read 2 comments Ether Crunch
https://blockgeeks.com/guides/video-guide-what-are-atomic-swaps/ What is an Atomic Swap? Swapping is a critical aspect of cryptocurrency, allowing users to exchange one type of cryptocurrency for another. To swap between different cryptocurre...
31 Mar 2024 2 minute read 1 comment Ether Crunch
What are StableCoins? Stablecoins are cryptocurrencies that are pegged/tied to another currency, designed to maintain a stable value. They offer this stability in numerous ways: Fiat-Collateralized Stablecoins: Stablecoins that maintain their...
24 Feb 2024 2 minute read 1 comment Ether Crunch
Monolithic Blockchains: All tasks are carried out in a single layer. Nodes in these layers carry out all processes: validating transactions, executing consensus, etc. Additionally, all transaction data is stored on this layer, making it a full...
20 Jan 2024 3 minute read 1 comment Ether Crunch
The Retik Finance team just came out with a response to a few articles that questioned the token’s legitimacy. In this response, they refer to the claims against them as “unsubstantial” and "unsupported" and say that they would refer to these concer...
15 Jan 2024 2 minute read 6 comments Ether Crunch
A new token, Retik, was created just last month, in December 2023. This token currently has a value of 0$ and has 8 holders, with the lead holder holding 40% of the total quantity of the token. Based on this, this token would appear to be just ano...
10 Jan 2024 2 minute read 0 comments Ether Crunch
Web3 is a huge advancement over its previous iterations. While Web 2 was the “socially interactive Web,” Web 3 is the better version, capable of comprehending information in a human-like manner. Capabilities/Pros: Data ownership: In Web2, if, f...
7 Jan 2024 1 minute read 4 comments Ether Crunch
To understand Web3, the previous versions of it must first be discussed. These include Web 2 and Web 1. Web 1:Web 1 was first created in 1989 and was in place from 1990 to 2004. This refers to the first stage of the World Wide Web, characteriz...
6 Jan 2024 1 minute read 3 comments Ether Crunch
What are some of the problems with Sharding? Shard takeovers: A shard takeover occurs when a hacker can take over a shard while only having a small percentage of the total network resources. This is dangerous, as transaction processing is controlled...
5 Jan 2024 1 minute read 0 comments Ether Crunch
Sharding is a process that splits the network into several shards, each taking a portion of the smart contracts, transactions, and other applications. Typically, as the number of nodes joining the network increases, the efficiency of the netwo...
