What are compressed NFTs and minting cNFTs
    23 Dec 2024
    33 Views

    Understanding compressed NFTs Compressed NFTs are a type of non-fungible token (NFT) designed to reduce the cost of storing and transacting with NFTs on the Solana blockchain.  With the increasing adoption of NFTs, developers face difficulties maximizing storage and lowering minting costs for these digital assets. The Solana blockchain introduced compressed NFTs (cNFTs) to overcome such…

    Crypto wallets explained
    13 Dec 2024
    50 Views

    Understanding crypto wallets Crypto wallets are essential tools for anyone looking to buy, sell or store cryptocurrencies.  Imagine you are about to dive into the world of cryptocurrencies. You have your eyes on Bitcoin or even a few altcoins, but there’s one problem: Where do you keep them? Enter the crypto wallet, your digital safe…

    How to use blockchain and smart contracts in procurement
    14 Oct 2024
    74 Views

    Why do traditional supply chain processes need blockchain? Traditional procurement and supply chain processes can be manual, scattered, inefficient and complex. The use of blockchain in procurement can address these issues by making them faster, more organized and cheaper. Procurement involves sourcing, purchasing and receiving goods and services. It’s a key part of supply chain…

    What are tokenized commodities?
    05 May 2024
    189 Views

    Tokenized commodities, which include energy resources, agricultural products, precious metals and other tangible things, are digital representations of real-world assets.  These assets go through a process known as “tokenization,” in which their ownership rights are converted into blockchain-based cryptographic tokens. Partially owned and accessible, each token usually represents a portion or entirety of the underlying commodity….

    Block size and scalability
    11 Dec 2023
    201 Views

    What is block size, and why is it important? Block size is important for maximizing storage efficiency and transaction throughput in file systems and blockchain contexts.  The amount of data processed or transferred in a single block within a computer system or storage device is referred to as the block size. It represents the basic…

    What is Metcalfe’s Law, and why does it matter?
    03 Aug 2023
    329 Views

    Metcalfe’s Law in crypto Metcalfe’s Law is a fundamental principle used to comprehend the network effect of communication systems such as cryptocurrencies and blockchain networks. Metcalfe’s Law was first used in the telecommunications industry, and has subsequently been applied to several social and technological networks. Metcalfe’s Law was created by Robert Metcalfe, the co-inventor of…