What Is Lido DAO (LDO)? Lido DAO is a liquid staking solution for Proof-of-Stake (PoS) blockchains. It allows users to stake their tokens without locking them up, which means they can still use and trade them while earning rewards. This makes Lido a more accessible and flexible way to participate in PoS networks. Lido works…
What Is Litecoin (LTC)? Litecoin (LTC) is a cryptocurrency that was created in 2011 from a fork in the Bitcoin blockchain. It was founded by a former Google engineer named Charlie Lee, who designed it to address concerns that Bitcoin was becoming too centrally controlled and to make it more difficult for large-scale mining firms…
Axie Infinity is a blockchain-based game that combines elements of trading card games, role-playing games, and virtual pet games. Players collect, breed, and trade digital creatures called Axies. Axies can be used to battle other Axies, complete quests, and earn rewards in the form of AXS tokens. AXS tokens can also be used to vote…
Stacks is a layer-2 blockchain network that enables decentralized apps, smart contracts and DeFi protocols to be built on top of Bitcoin. While Stacks and Bitcoin are separate blockchains, they can work together seamlessly. The STX token is used for transaction fees and deploying smart contracts on Stacks, and it can also be “stacked” to…
What Is Algorand? Algorand is a high-performance, scalable, and secure layer-1 blockchain platform that allows developers to create and deploy decentralized applications (DApps) and smart contracts. It is built on a unique consensus mechanism called Pure Proof of Stake (PPoS) that offers several advantages over traditional Proof of Work (PoW) consensus, such as increased scalability,…
What Is an Initial Coin Offering (ICO)? An Initial Coin Offering (ICO) is a fundraising mechanism used by cryptocurrency startups to raise funds for new products, services, or coins. ICOs are similar to Initial Public Offerings (IPOs), but instead of selling shares in a company, they offer new cryptocurrency tokens to investors. These tokens may…
What is the Quant Network (QNT)? The Quant Network (QNT) is an Ethereum blockchain-based project that aims to address blockchain interoperability issues by using the Overledger DLT operating system. Gilbert Verdian established the Quant Network in 2015 to improve the effectiveness of information communication worldwide. Quant’s Overledger DLT Gateway, also referred to as the Enterprise…
What Is Arbitrum (ARB)? Arbitrum is a Layer 2 scaling solution designed to improve efficiency and reduce the costs of smart contract transactions on the Ethereum blockchain. By delegating complex computational tasks, such as transaction processing and data storage, to the second chain, Arbitrum can scale the base Layer 1 blockchain and reduce congestion and…
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