What Is BNB? BNB is the digital asset used throughout the BNB Chain ecosystem. It is used to pay network transaction fees, participate in staking and governance, and interact with supported applications and services. BNB, BNB Chain, and Binance are related but distinct concepts. BNB is a digital asset. BNB Chain is a blockchain ecosystem … 더 읽기
What Is a Decentralized Exchange (DEX)? A decentralized exchange, commonly shortened to DEX, is an application that enables users to trade digital assets without a centralized intermediary. Instead of depending on a central exchange operator to arrange the trade, users exchange assets with peers through an application operating on a blockchain network. What Decentralized Exchange … 더 읽기
Introduction Avalanche is an open-source, proof-of-stake blockchain platform built around a multi-chain design. It supports digital assets, smart contracts, decentralized applications, and purpose-built blockchain networks. Avalanche is the name of the network and its wider ecosystem. AVAX is the network’s native digital asset, used for purposes such as transaction fees, staking, transfers, and participation in … 더 읽기
What Is Chainlink? Chainlink is a blockchain-agnostic decentralized oracle platform. It connects smart contracts with external data, systems, computations, and other blockchains through decentralized oracle networks. This connectivity matters because smart contracts usually operate with information available on their own blockchains. Chainlink provides infrastructure for applications that also need market data, external application programming interfaces, … 더 읽기
What Is Crypto Staking? Crypto staking generally means committing cryptocurrency under protocol-defined rules to support a proof-of-stake network or obtain specified privileges or potential yields. Depending on the arrangement, the cryptocurrency may be used as collateral for network participation or committed through a smart contract. On a proof-of-stake network, staking helps support processes such as … 더 읽기
What Is Proof of Work? Proof of work is a blockchain consensus mechanism in which miners perform computational work for the opportunity to add valid blocks. Other network participants can verify the completed work and use it to help agree on the blockchain’s valid history. The mechanism makes producing a qualifying result computationally demanding while … 더 읽기
What Is a Non-Fungible Token (NFT)? A non-fungible token NFT is an owned, transferable, and indivisible data record that digitally represents a linked physical or virtual asset. According to NIST, the record is created and managed by a smart contract on a blockchain. The NFT is the blockchain record rather than necessarily being the linked … 더 읽기
What Is a Decentralized Application (DApp)? The phrase decentralized application DApp refers to an application that runs some or all of its application logic through a decentralized blockchain network rather than relying entirely on centralized private servers. A DApp can look like an ordinary website or mobile application. The important difference is behind the interface: … 더 읽기
Cryptocurrency Mining at a Glance Cryptocurrency mining is a process used by some blockchain networks to add new blocks containing transaction records. Mining may also result in newly created cryptocurrency being issued as a reward to network participants. The exact mechanism depends on the network. Bitcoin mining, for example, involves specialized hardware repeatedly testing values … 더 읽기
Introduction Algorand is a Layer-1 blockchain network that uses a consensus system called Pure Proof-of-Stake. A Layer-1 blockchain is the base network that records transactions and supports applications directly. Algorand and ALGO are not the same thing. Algorand is the network, while ALGO is its native digital asset. The network supports smart contracts, payments, tokenization, … 더 읽기