Gaming has seen explosive growth over the last decade — becoming a behemoth of an industry that’s worth over $200 billion. But the gaming industry continues to face two age-old problems: 1. For developers: To create a game on traditional infrastructure, developers need to build complicated backend systems that take
eCommerce is growing at a rapid pace. It’s forecasted to grow by 56% in the next few years and reach about $8.1 trillion by 2026. We can attribute this growth to consumers increasingly favoring the convenience of shopping online. Similarly, businesses recognize the potential of a borderless marketplace.
Transparency and privacy are two desirable qualities for any blockchain. However, the ability to openly track transactions while keeping personal details under wraps is not possible for all blockchains. To achieve these qualities, blockchains need privacy-centric proof systems. Proof systems are auditors, a cryptographic one, to certify that an interaction
Ethereum and its community of developers have been racing to solve the blockchain trilemma and make the network more scalable. In that race, layer 2 blockchain networks have emerged as the most effective solutions to address Ethereum’s scalability issues. Among the many types of layer 2 solutions, optimistic and
Most of the blockchain’s use cases revolve around its core strength of enabling a peer-to-peer system. Bitcoin employs it to conduct financial transactions without a third party, and Ethereum uses it with programmable contracts where any two parties can enter and execute a contract using only code and no
One of the greatest deterrents to the mass adoption of Ethereum is the blockchain’s notoriously high gas fees — which refers to the transaction fees that users must pay to transact on (and interact with) the blockchain. When onchain activity increases, these fees can also increase dramatically — making it expensive
For a blockchain to be perfect, it must fulfill three fundamental properties: security, decentralization, and scalability. But with the way blockchains are designed, this is difficult to achieve — leading to a problem called the blockchain trilemma. If a blockchain focuses on security and decentralization, it has to compromise on scalability.
One of the core components of all decentralized applications is that they execute various kinds of user transactions over a blockchain. To do this, dApps must always be able to communicate with the blockchain, verify the details of the transactions, and process them. But dApps aren’t meant to directly