Nicholas Idoko’s blog is a vast repository of content from various categories such as business, technology, life, health, freelancers and Africa.
Today we aim to highlight some of the Blockchain articles from Nicholas Idoko’s blog that are essential to understanding the Blockchain and Cryptocurrency industry.
Without further ado, let’s start highlighting these fascinating topics, please click on the links to the post to learn more about the content.
What you need to know about NFTs
This article explains what an NFT is, how it works, how NFTs are created, what else can be an NFT, and how one can buy and sell an NFT.
The History and Evolution of DApps and DeFi
This article informs you about DeFi (decentralized finance) and DApps (decentralized applications). The difference between decentralized finance and decentralized applications. The history and evolution of both started with Bitcoin, Ethereum, Makerdao, Compound Finance, Balancer and Yam Finance. We also try to speculate on the future.
My Thoughts on Web 3.0 Infrastructure
This article begins with the history of the Internet and the birth 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.
Can money really be decentralized?
We try to discuss the following in this blog post, the concept of decentralization. The benefits of decentralization such as data reconciliation, trustless environment, better allocation of resources and reduced degrees of gaps. The rise of decentralized currency and some of the myths about decentralized finance.
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 cryptocurrency using an exchange, joining a staking pool, or becoming a validator.
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 explains in more detail what an NFT is, describes the pros and cons of buying an NFT, and answers whether investing in an NFT is worth it.
Is it wise 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 gives you a final opinion on whether it is wise to save money on cryptocurrencies.
What is blockchain and how does it work
This article explains how blockchain uses distributed ledger technology. The five key blockchain concepts such as shared ledger, permissions, smart contracts, consensus, and immutable records. The post also explains how the blockchain works using Bitcoin as a case study as well as whether the blockchain is secure.
What is Blockchain used for?
Blockchain has many advantages that make it useful, such as its decentralized structure, speed, trust, immutability, lower 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, NFT, etc. This blog post details the goals of blockchain.
What is cryptocurrency and how does it work
This article explains in more detail what cryptocurrency is, how it works, as well as how to mine, buy, sell, store, trade or invest it. The different types of cryptocurrency such as Bitcoin, Altcoin and Crypto tokens. The publication also attempts to answer whether cryptocurrency is a good investment.
What does it mean to be a Crypto trader?
This article explains who is a crypto trader and outlines 5 basics to becoming a crypto trader which are: understanding the relationship between risk and reward, order types: limits and stop losses, news and market sentiment, community, self-control and technical analysis.
What are the differences between Blockchain and Cryptocurrency?
Many people confuse or use blockchain and cryptocurrency interchangeably, but they do not mean the same thing. This article tells you 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.
The History and Invention of Blockchain
This article details the history of the blockchain and how it all started with a year-to-year roadmap as well as the different versions of the blockchain.
What is proof of work in the 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.
What is blockchain proof-of-stake?
This article defines Proof of Stake, how Proof of Stake works, Proof of Stake mining power, Proof of Stake goals, and Proof of Stake security.
What is Yield Farming in the Blockchain?
This article defines what yield farming is and the types of yield farming such as liquidity providers, staking, lending and borrowing. This article also goes deeper into how yield farming works and the risks of yield farming.
Proof of work vs proof of stake in the blockchain
This article details how proof of work and proof of stake came to be, and why proof of anything (be it work or stake) is required in the blockchain. The article also delves into blockchain ordering, energy usage, participation, and reward distribution.
What is a Blockchain Developer?
What is a blockchain? What is blockchain development? Who is a blockchain developer? These are some of the questions this article answers. As well as how to become a blockchain developer and top blockchain developer skills such as blockchain architecture, data structures, smart contract development, cryptography, web development, and programming languages.
What do gas fees mean in Blockchain?
This article explains what Ethereum gas fees are, how gas fees can be calculated, why Ethereum gas fees are expensive, and how to make gas fees more affordable.
Centralized vs Decentralized Financial Applications
This article explains what is centralized finance, what is decentralized finance, how DeFi is different from CeFi, characteristics of centralized finance, characteristics of decentralized finance and what is better: DeFi or CeFi
What does a Blockchain wallet mean?
This article delves into what a blockchain wallet is, how blockchain wallets work, and types of blockchain wallets such as hot and cold wallets.
What is a Smart Contract in the Blockchain?
This article explains what a smart contract is, the history of smart contracts, how smart contracts work, the advantages of smart contracts such as speed, efficiency and accuracy, security, trust and transparency, savings. The post also lays out some of the use cases for smart contracts in finance, NFTs, gaming, the legal industry, and real estate.
Is cryptocurrency bad for the environment?
Many people have negative remarks about cryptocurrency and say that it is bad for the environment due to the amount of energy it consumes. This article informs you about what is cryptocurrency mining, energy consumption of cryptocurrency mining, why cryptocurrency mining requires energy, the effect of cryptocurrency mining on the environment, as well as a final opinion on the possibility that cryptocurrency mining may use less energy.
What does a distributed ledger mean in Blockchain?
This article answers what a distributed ledger is and explains what distributed ledger technology means, how distributed ledgers work and the benefits of distributed ledger 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.
Blockchain vs database: similarities and differences
This article defines a blockchain and a database, and shows the similarities and differences between blockchain and database based on control, permissions, security, design, and architecture.
What is Crypto Mining in the Blockchain?
This article tells you what crypto mining is, how crypto mining works, why crypto mining matters, and how to start cryptocurrency mining.
What is zero-knowledge proof in blockchain?
This article explains what zero-knowledge proof is in blockchain, how a zero-knowledge proof works, and the properties of zero-knowledge proof such as completeness, validity, and zero-knowledge. Types of zero-knowledge proofs such as interactive and non-interactive zero-knowledge proofs. Applications of zero-knowledge proofs in blockchain, finance, messaging applications, and complex documentation.