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Showing posts from June, 2023

Wrapped Ether: What Is It and How Does It Work?

Ethereum  is one of the most popular and influential blockchains in the crypto space. It hosts thousands of decentralized applications (dApps) that offer various services and use cases, such as decentralized finance (DeFi), non-fungible tokens (NFTs), gaming, and more. However, Ethereum also has some limitations that prevent it from reaching its full potential. One of these limitations is the lack of interoperability with other blockchains and ERC-20 tokens. ERC-20 is a standard that defines a set of rules and functions for tokens on Ethereum. It allows tokens to be easily compatible and exchangeable with each other and with dApps. However, Ethereum's native token, Ether (ETH), does not follow this standard. This means that ETH cannot be directly used in many dApps that require ERC-20 tokens as inputs or outputs. For example, you cannot swap ETH for another ERC-20 token on a decentralized exchange (DEX) like Uniswap or SushiSwap without converting it first. This is where  Wrapped E
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What Is Transaction ID and How to Find It?

If you have ever made a transaction on the blockchain, you may have encountered the term  Transaction ID  or  TXID . But what exactly is a TXID and why is it important? In this article , we will explain what a TXID is, how it works, and how to find it on different platforms. Website| Twitter  | Telegram  | Reddit  | Discord
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BRC-20 Tokens: How to Create and Transfer Fungible Tokens on Bitcoin

BRC-20 tokens are a new type of fungible tokens that can be issued and transferred on the  Bitcoin  blockchain. They are based on an experimental protocol called Ordinals, which allows users to embed JSON data into Bitcoin transactions. Unlike other token standards that rely on smart contracts, such as ERC-20 on  Ethereum , BRC-20 tokens are stored on the bitcoin base chain and do not require any additional layers or platforms. In this article , we will explain what BRC-20 tokens are, how they work, and what are their advantages and disadvantages. We will also compare them with other token standards and explore some use cases and examples of BRC-20 tokens. Website| Twitter  | Telegram  | Reddit  | Discord
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