Algorand, created in 2017 by Professor Silvio Micali from MIT, is a blockchain network. The mainnet was launched in June 2019, introducing its native cryptocurrency, ALGO. Algorand focuses on scalability and smart contracts. It is a public, decentralized, Pure Proof-of-Stake blockchain that supports customized layer-1 blockchains for specific purposes. The project claims to have solved
CELO is a decentralized, blockchain-based platform designed to make financial tools accessible to anyone with a mobile phone. Launched in 2020, It aims to bridge the gap between the unbanked population and financial services by leveraging blockchain technology and mobile connectivity. CELO operates on its own proof-of-stake blockchain, enabling fast, secure, and low-cost transactions. The
Polkadot overcomes these restrictions by establishing a ‘blockspace ecosystem’, an interconnected system of various blockchains, each providing their own blockspace for developers to utilize in creating applications. In essence, Polkadot operates as a marketplace for blockspace, with the blockchains within the network acting as suppliers of blockspace. The allocation of blockspace by Polkadot can be
Polkadot (DOT) is known as the blockspace ecosystem for endless innovation. It offers all the tools that Web3 innovators need to create applications that go beyond the limitations of any single blockchain network. Dr. Gavin Wood, the founder of Polkadot, first came up with the concept. He also co-founded Ethereum and introduced the term ‘Web
NEAR Protocol is a program designed to encourage a group of computers to run a system where developers can make and release decentralized apps. So, What Is NEAR? NEAR Protocol’s design focuses on sharding, which divides the network into segments so that nodes only need to process a portion of the transactions. Sharding is anticipated
RaaS simplifies the deployment, maintenance, and development of custom application-specific rollups (AppRollups) by providing an abstraction layer over Rollup frameworks and SDKs. So, What is Rollups as a Service? RaaS allows developers to concentrate on creating the application layer, transforming a task that previously required many engineers many hours into a quick 10-minute deployment process
The DeFi Pulse Index (DPI) is a decentralized finance (DeFi) index that provides investors with a diversified portfolio of top-performing DeFi tokens. Launched by Index Coop in September 2020, DPI aims to simplify the investment process in the rapidly growing DeFi sector by offering a single token that represents a curated selection of prominent DeFi
ZKsync speeds up and reduces costs of Ethereum transactions by processing them off the main chain using zero-knowledge rollups. Layer 2 solutions are like an additional lane on a busy road, easing congestion by allowing more transactions to flow smoothly off the main highway (Ethereum). ZKsync’s off-chain transaction processing with zk-rollups is similar to this
Regenerative Finance (ReFi) is a different financial system that aims to support sustainability and resilience while also making money. It is popular in the cryptocurrency world and refers to a project that invests in sustainability, such as the environment, society, and financial stability. ReFi projects aim to make a positive financial impact on the world
A smart contract is a self-executing contract with the terms of the agreement directly written into code. These contracts automatically enforce and execute the agreed-upon terms when certain conditions are met, without the need for intermediaries. Smart contracts are typically deployed on blockchain platforms, such as Ethereum, which ensures their immutability and security. So, What