If you are familiar with ICOs you have probably already heard about ERC20 tokens. The mention ‘ERC-20 compatible’ is not completely unfamiliar to you but you are not exactly sure of what this means? Here is a short article to explain it all simply. ERC20 you say? You might have heard…
As seen in a previous article, a smart contract can be created on the Ethereum blockchain by anyone. But what are they exactly? And what can you achieve with them? Here are some answers: What is a smart contract? It is a program meant to directly control digital assets. While…
The concept of Proof of Work and Proof of Stake is not clear to you? For a public blockchain to exist in a decentralized way there needs to be a system of consensus to validate the transactions and actions that take place on it. The aim of the consensus system…
As we have already introduced Ethereum and Bitcoin in a previous article, let us now get a little more into details by understanding the main differences between the two cryptocurrencies and the two blockchains. Bitcoin, the first of cryptocurrencies Bitcoin was the first cryptocurrency ever created, it was intended…
You have probably heard about Ethereum and Bitcoin already, but you might not be sure how to define them, how they work and what they do. As both of these are not just cryptocurrencies, there is a specific technology behind them. Before getting further and into the technicals, let’s first…