Founded by Jesse Powell in 2011, just two years after Bitcoin’s launch, Kraken is one of the oldest crypto exchanges. Despite the completion of its development phase in 2011,, the Kraken platform went fully live in September 2013, after two years of testing and improvements. Today, this United States-based crypto exchange has carved out a reputation for being one
Binance Smart Chain is a new platform that aims to lower transaction costs and provide a space to create DApps and other DeFi products — how does it work? Binance Smart Chain (BSC) is a blockchain network built for running smart contract-based applications. BSC runs in parallel with Binance’s native Binance Chain (BC), which allows users to get the
BEP-20 tokens represent a diverse range of crypto assets that don’t have their own blockchain but reside on top of the Binance Smart Chain (BSC). BEP-20 is a technical standard that emerged to use for all smart contracts on the Binance Smart Chain for token implementations. BEP-20 tokens are tokens that reside on the BNB
ERC-20 stands for “Ethereum Request for Comment 20” and it’s a widely used technical standard for creating tokens on the Ethereum blockchain. Think of it as a set of rules that ensures all ERC-20 tokens function in a similar way, allowing them to interact smoothly with each other and various Ethereum-based applications. Understanding ERC-20 ERC-20,
March 2022 marked the release of ApeCoin, the Bored Ape Yacht Club-affiliated cryptocurrency that promises to be the coin-of-choice for a new metaverse ecosystem being built out by Yuga Labs — the creators behind BAYC. The release of the coin, which came on the heels of Yuga Labs acquiring pioneering NFT collectible CryptoPunks, and was followed up
PancakeSwap is a decentralized exchange that allows you to trade tokens while also offering opportunities to profit from liquidity pools and staking. What sets PancakeSwap apart from the likes of Uniswap and SushiSwap is that it runs on Binance Smart Chain (BSC) instead of Ethereum. Because of that, it is able to charge significantly lower transaction costs relative to
Decentraland MANA is a software running on Ethereum that seeks to incentivize a global network of users to operate a shared virtual world. Decentraland users can buy and sell digital real estate, while exploring, interacting and playing games within this virtual world. Over time, the platform has evolved to implement interactive apps, in-world payments and peer-to-peer communication for
EOSIO is a blockchain designed to facilitate the operation of a new kind of program called a decentralized application (dapp). Its technology attempts to solve historical issues in using blockchains to run dapps, as popular applications have even clogged capacity on larger, more developed blockchains like Ethereum (ETH), resulting in performance issues for all users. One of
Tezos XTZ set out in 2014 to create what it called a “self-amending blockchain.” Complex in implementation, at its core, the concept was simple: Tezos would allow anyone who owned its XTZ cryptocurrency to vote on possible changes to its rules, and once decided, the software would automatically update to ensure the changes were made. By using
The Sandbox is software running on Ethereum that operates a decentralized virtual gaming world. At its core, the Sandbox is a game in which players can buy digital plots of land, called LAND, and create experiences on top of them to share with other users. In this way, The SAND bis one model of a blockchain-based metaverse