The digital world is transforming in ways we never imagined, and Non-Fungible Tokens (NFTs) are leading the way. Thanks to blockchain technology and NFTs, social media platforms are beginning to experience a new level of engagement. From customizable avatars to augmented reality items, NFTs are giving big tech companies new ideas. This article will explore the potential benefits of using NFTs for social media platforms and the sector’s best practices. In this context, Instagram's experiment with NFTs represents a peculiar…
dApps
What is EOS Blockchain?
EOS is a blockchain-based decentralized operating system that aims to enable the vertical and horizontal scaling of decentralized applications (dApps). It uses a consensus mechanism called Delegated Proof of Stake (DPoS) to confirm transactions and reach a consensus on the state of the blockchain. In EOS, instead of miners, there are "block producers" elected by the token holders of the EOS cryptocurrency. These block producers are responsible for creating new blocks and maintaining the integrity of the blockchain. They are…
2 months ago 167 views
What are Token Standards?
Token standards are protocols for representing digital assets on the blockchain. Some examples of token standards include ERC-20, BEP-20, ERC-721, TRC-20, and OMNI. These standards define a token contract's functions and characteristics, such as how the tokens can be transferred and what information they transfer. In addition, different blockchain platform applications allow different tokens to be easily exchanged and understood. The Difference Between Coins and Tokens Coins and tokens are both types of digital assets that are built on top…
3 months ago 178 views
Ice Phishing – What You Need to Know and How to Stay Safe
Ice phishing is an increasing problem in Web3, and you must learn how to defend yourself against it. For example, are you sure you are safe whenever you trust a website for DeFi transactions? Could it be a malicious actor waiting to steal your tokens? How is Ice Phishing different from typical phishing, and how to protect from it? A Relatively New Threat- Ice Phishing Ice phishing is an online attack where criminals trick users into granting permissions that allow…
3 months ago 472 views