#Blockchain
Blockchain is an immutable digital ledger where all the transactions are public
and transparent. Blockchain is decentralized and distributed that is linked to a
P2P network. Bitcoin, Ethereum, NFTs, Collectibles are some implementations of
blockchain. It can be used in different sectors such as...
Smart contracts are programs stored on blockchain. They are equivalent to
classes in other programming languages. Smart contracts are created for specific
purposes in order to fulfill predetermined conditions. The main purpose of a
smart contract is to implement and automate real world use cases.
As...
NFTs (Non-fungible Tokens) are crypto assets which are unique to each other.
Digital assets, art and collectibles are it's major components. NFT standard is
defined as ERC721 in ethereum network.
No two NFTs are the same unlike 2 coins of the same crypto currency. Example: 2
bitcoins have the same...
Testnet is an instance of a blockchain underlying the same or newer version of
the actual network. As it's name suggests, testnet is used for deploying and
testing smart contracts before deploying them to actual network. For example:
Goerli testnet can be used as testnet before deploying to the...
A digital signature is a mathematical algorithm routinely used to validate the
authenticity and integrity of a message. Digital signature includes the concept
of public and private keys.
Generally, a message hash is signed by an address, then the signed message is
transacted on behalf of the user by...