Ethereum’s current issues involving high transaction fees and slow confirmation times have led some users to migrate to other layer 1 blockchains, like Solana, Avalanche, and Binance Smart Chain. Polygon hopes to reverse this movement and create a protocol to connect all Ethereum-based chains together in one ecosystem.
The rollup is a scaling solution that is not widely known, yet is critical to making Ethereum once again fast and cheap. Let’s take a look at what rollups are, the different types of rollups, and what types of projects are utilizing them as a layer 2 solution.
It is…
Chainlink, the blockchain project that connects smart contracts to real-world data, has a monopoly over the oracle market. The demand for smart contracts and oracles are correlated, thus the success of smart contracts could cause the growth of Chainlink regardless of which smart contract blockchain succeeds.
On their own, smart…
Airdrops are one of the most lucrative activities in crypto, and have made some people tens of thousands of dollars for simply interacting with certain dApps. Consequently, DeFi users are always on the lookout for the next project to complete an airdrop, and there are many likely candidates in 2022.
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Over the past couple of weeks, the cryptocurrency market has been on a steady decline, and today saw a sharp decline of 8% in total market capitalization. This price action has led some to speculate that the bear market is starting, while others are staying optimistic that there are a…
When Ethereum finally scales through both upgrades brought by Ethereum 2.0 and layer 2 scalability solutions, the question of what will come of other smart contract blockchains will become quite relevant. …
As we’ve established in our previous article, 2021 was a watershed year for blockchain and cryptocurrencies, due to the increase in price, recognition, and adoption around the world. …
According to a story published by The Economist on December 18, this past October, founder of Facebook, Mark Zuckerberg, made the announcement that he would change the name of the social media platform of Facebook to “Meta Platforms” in order to make room for a digital reality known as “metaverse.”…
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