What is BNB Auto-Burn?
The price of a token is largely determined by the demand and supply. It is easier to control the supply than the demand for the token. BNB token comes with an Auto-burn system where it will automatically reduce the supply of the token so that it will be in an acceptable range. Coin burning is […]
What Can You Do With Binance Coin?
The heart of the whole BNB ecosystem revolves around the Binance coin (BNB). Fun fact: BNB was initially created on the Ethereum blockchain as an ERC-20 token before it became the native cryptocurrency of Binance’s own blockchain. So what can you use BNB for? Trading Fees on Binance As mentioned, BNB’s main use case is […]
BNB Chain Ecosystem
To the untrained eye, Binance is just a centralized exchange. But only the crypto pros know that there is a whole ecosystem beyond the centralized exchange. What is BNB Chain? Launched in 2017, Binance Chain is the first blockchain created by Binance. It was designed for high transaction throughput to support decentralized trading. Three years […]
Introduction to Binance
Binance is one of the largest cryptocurrency exchanges by daily trading volume and it was founded by ChangPeng Zhao, commonly known as “CZ” in 2017. Fun fact: Binance primarily offers crypto-to-crypto trading that strongly focuses on altcoin trading. The platform provides more than 500 cryptocurrencies and a wide range of virtual tokens, including Bitcoin (BTC), […]
The Ethereum Merge Quiz
Are you an Ethereum 2.0 expert now? Test your knowledge and earn a Nexus Badge upon a 100% score on the quiz! Let’s go!
The Future of Ethereum 2.0
Ethereum is the largest general-purpose blockchain in today’s market since its launch in 2015. More than 1,400 Ethereum projects are being built. The upgrade will roll out in three phases – Phase 0, 1, and 2. Ethereum 2.0 will be launched in 3 phases: Phase 0- Beacon Chain Phase 1- Shards Phase 2- Execution The […]
How Will ETH 2.0 be More Secure?
The most important advantage of Ethereum 2.0 is its scalability. Ethereum 2.0 will have shard chains due to which it can conduct up to 10,000 transactions per second whereas Ethereum can support only 30 transactions per second. This also leads to a lot of delays and network congestion which will not be the case in […]
Differences between ETH and ETH 2.0
The major difference between Ethereum 2.0 and its counterpart is the consensus mechanism that they use. Ethereum uses a proof-of-work (PoW) mechanism, while Ethereum 2.0 uses a proof-of-stake (PoS) mechanism. The proof-of-work mechanism is an energy-intensive process in which complex mathematical puzzles are decoded by miners with the help of computer hardware processing power. This […]
What is Ethereum 2.0?
Now known as “The Merge”, it will upgrade the Ethereum Network, improving its speed, efficiency, and scalability. This will take Ethereum to new heights as it could drastically increase transactions, alleviate congestion, and reduce gas costs on the Ethereum network. Upon completion, Ethereum will be one stop closer to her goals of becoming a scalable, transparent, […]
Introduction to Ethereum
Ethereum is open access to digital money and data-friendly services for everyone – no matter your background or location. It’s a community-built technology behind the cryptocurrency ether (ETH) and thousands of applications you can use today. Banking for everyone Not everyone has access to financial services. But all you need to access Ethereum and its […]
Polygon for Builders Quiz
Ready to test your newfound crypto knowledge? First 2000 submissions with 100% correct answers on the quiz will earn $10 worth of MATIC in reward tokens. Current: 2000 rewards redeemed (campaign closed) Let’s start!
Create an NFT Smart Contract with Hardhat
Now that we know how to create an ERC20 token smart contract on the Polygon network, it is time for how to create an NFT smart contract. Requirements: 1. Node.js v14.17.6 LTS or higher, for installing HardHat and other node packages. 2. MetaMask for interacting with the blockchain. Creating Polygonscan API key It is important […]
