Nicholas Idoko Blog is a huge collection of content from different categories like Business, Technology, Life, Health, Freelance and Africa.
Today we would like to highlight some of the blockchain posts from Nicholas Idoko’s blog that are essential for understanding the blockchain and cryptocurrency industry.
Without further ado, let’s start highlighting these fascinating topics, please click on the post links to read more about the content.
First article
What you should know about NFTs
This article explains what an NFT is, how it works, how NFTs are created, what else an NFT can be, and how to buy and sell an NFT.
Second Article
The history and development of DApps and DeFi
This article will inform you about what DeFi (Decentralized Finance) and DApps (Decentralized Apps) are. The difference between Decentralized Finance and Decentralized Apps. The history and development of the two started with Bitcoin, Ethereum, Makerdao, Compound Finance, Balancer and Yam Finance. We also try to speculate about the future.
Third Article
My Thoughts on Web 3.0 Infrastructure
This post begins with the history of the Internet and the emergence of Web 1.0, the rise of social media, and the birth of Web 2.0. Web 3.0 architecture includes the semantic web, visual immersion, artificial intelligence, and ubiquity.
Fourth Article
Can money really be decentralized?
What we try to discuss in this blog post is the concept of decentralization. The benefits of decentralization such as data reconciliation, a trusted environment, better resource allocation, and a reduction in the level of deficiencies. The rise of decentralized money and some of the myths about decentralized finance.
Fifth Article
What does staking mean in the crypto space?
In this blog post, we explain what crypto staking is, how staking works, and how to stake cryptocurrencies by using an exchange, joining a staking pool, or becoming a validator.
Sixth Article
Is it worth buying an NFT today?
There are so many reasons to buy an NFT today. However, there are reasons why you should and shouldn’t. This article further explains what an NFT is, outlines the pros and cons of buying an NFT, and answers whether investing in an NFT is worthwhile.
Seventh Article
Is it advisable to save money in cryptocurrency?
High volatility, market risks, cyber risks, decentralization, risks associated with peer-to-peer transactions and unregulated trading platforms or exchanges. These are some of the risks of saving your money in cryptocurrency. This article explains all these risks and presents you with a final opinion on whether it is advisable to save money on cryptocurrencies.
Eighth Article
What Blockchain is and how it works
This article explains how blockchain uses distributed ledger technology. The five key concepts of blockchain such as shared ledgers, permissions, smart contracts, consensus and immutable records. The post also explains how blockchain works using Bitcoin as an example and whether the blockchain is secure.
Ninth Article
What are the purposes of blockchain?
Blockchain has many advantages that make it useful such as: B. its decentralized structure, speed, trust, immutability, reduced costs, visibility and traceability. It has also been applied in the real world and some sectors currently enjoying such benefits are real estate, voting, medical, supply chain, NFTs, etc. This blog post describes the purposes of blockchain.
Tenth Article
What is cryptocurrency and how does it work?
This article goes into more detail about what cryptocurrencies are about, how they work, and how they are mined, bought, sold, stored, transacted, or invested. The different types of cryptocurrencies such as bitcoin, altcoin and crypto tokens. The post also tries to answer whether cryptocurrency is a good investment.
Eleventh Article
What does it mean to be a crypto trader?
This article explains who is a crypto trader and outlines 5 fundamentals to become a crypto trader, namely: understanding the relationship between risk and reward, order types: limits and stop-loss, news and community sentiment, self-control and technical analysis.
Twelfth Article
What are the differences between blockchain and cryptocurrency?
Many people confuse or use blockchain and cryptocurrency interchangeably, but they don’t mean the same thing. In this article you will learn what a blockchain is and what a cryptocurrency is. The relationship between blockchain and cryptocurrency. The similarities and differences between blockchain and cryptocurrency and the future of blockchain and cryptocurrency.
Thirteenth Article
The history and invention of the blockchain
This post goes into detail about the history of the blockchain and how it all started with an annual roadmap as well as the different versions of the blockchain.
Fourteenth Article
What is Proof of Work in Blockchain?
This article defines Proof of Work, why Proof of Work is very important, how the Proof of Work model works, how Bitcoin uses Proof of Work, and criticisms of Proof of Work such as energy requirements and centralization.
Fifteenth Article
What is a Proof of Stake in Blockchain?
This post defines Proof of Stake, how Proof of Stake works, Mining Power in Proof of Stake, Proof of Stake Objectives, and Proof of Stake Security.
Sixteenth Article
What is Yield Farming on Blockchain?
This article defines what yield farming is and what types of yield farming are such as liquidity providers, staking, lending and borrowing. This article also goes further into how yield farming works and the risks of yield farming.
Article Seventeen
Proof of Work vs. Proof of Stake in Blockchain
This post describes how proof of work and proof of stake came about and why proof of work (whether work or stake) is required in the blockchain. The article also further explores blockchain orders, energy usage, participation, and reward distribution.
Eighteenth Article
Who is a blockchain developer?
What is a blockchain? What is blockchain development? Who is a blockchain developer? These are some of the questions that will be answered in this post. As well as how to become a blockchain developer and best blockchain developer skills like blockchain architecture, data structures, smart contract development, cryptography, web development and programming languages.
Nineteenth Article
What do gas fees mean in blockchain?
This article goes into what gas fees are in Ethereum, how gas fees can be calculated, why Ethereum gas fees are expensive and making gas fees more affordable.
Twentieth Article
Centralized vs. decentralized finance applications
This article explains what centralized finance is, what decentralized finance is, how DeFi differs from CeFi, the characteristics of centralized finance, the characteristics of decentralized finance, and what is best: DeFi or CeFi
Twenty-First Article
What does a blockchain wallet mean?
This article takes a closer look at what a blockchain wallet is, how blockchain wallets work, and the types of blockchain wallets such as hot and cold wallets.
Twenty-second Article
What is a Smart Contract on Blockchain?
This post explains what is a smart contract, history of smart contracts, how smart contracts work, benefits of smart contracts like speed, efficiency and accuracy, security, trust and transparency, savings. The post also mentions some of the use cases of smart contracts in finance, NFTs, gaming, legal and real estate.
Twenty-third Article
Is cryptocurrency bad for the environment?
Many people have negative remarks about cryptocurrency, saying that it is bad for the environment because of the amount of energy it consumes. This post will inform you about what cryptocurrency mining is, the energy consumption of cryptocurrency mining, why cryptocurrency mining needs energy, the impact of cryptocurrency mining on the environment, as well as a final opinion on whether cryptocurrency mining could use less energy.
Twenty-Fourth Article
What does a distributed ledger mean in blockchain?
This post answers what a distributed ledger is and explains what distributed ledger technology means, how distributed ledgers work and the benefits of distributed ledgers such as security, cost savings, smart contracts, device management, audit trails and data reliability. This article also speculates on the future of distributed ledger technology.
Twenty-Fifth Article
Blockchain vs. Database: Similarities and Differences
This article defines a blockchain and a database and lists the similarities and differences between blockchain and database based on control, permissions, security, append-only-by-design, and architecture.
Twenty-Sixth Article
What is Crypto Mining on Blockchain?
In this article, you will learn what crypto mining is, how crypto mining works, why crypto mining is important, and how to start mining cryptocurrency.
Twenty-Seventh Article
What is Zero Knowledge Proof in Blockchain?
This article explains what zero-knowledge proof is all about in the blockchain, how a zero-knowledge proof works and what properties a zero-knowledge proof has such as completeness, solidity and zero-knowledge. The types of zero-knowledge proofs such as interactive and non-interactive zero-knowledge proofs. The applications of zero-knowledge proofs in blockchain, finance, messaging applications and complex documentation.
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