What is a dApp? – Definition and basics 2022

What is a dApp

The abbreviation dApp stands for “decentralized application” or “decentralized application”. In contrast to traditional applications, the individual components of a dApp are not located on a server or computer but in a peer-to-peer network. Usually, it is a blockchain. In this article, we answer the following frequently asked questions about the dApp: What is a … Read more

Top 5 Cryptocurrencies in 2022: These coins have potential

Top 5 cryptocurrencies in 2022

Which coins and projects have great potential this year? In this article we introduce you to our top 5 cryptocurrencies for the year 2022. Even if the year 2021 eased somewhat towards the end from a price point of view, the crypto market has come an unbelievable way. Bitcoin has roughly doubled its value, Ethereum and other Altcoins were able to … Read more

What is Proof of Stake (PoS)? – All you need to know 2022

What is Proof of Stake (PoS)

Proof of Stake is considered an energy-efficient alternative to Proof of Work, as the validation is not linked to computing power but to the cryptocurrency units. Proof of Stake (PoS) is a consensus mechanism or consensus algorithm on the blockchain. PoS is considered an energy-efficient alternative to the proof-of-work algorithm, which is used in particular with … Read more

What are Smart Contracts? Examples | Explained 2022

Smart contracts

Find out what a smart contract is, how it works and how you can program a smart contract yourself. We’ll also show you the top uses and the most popular coins. Smart contracts, i.e. intelligent contracts, use the advantages of digitization for contract management. With blockchain technology as the basis, they ensure maximum contract security, transparency, and … Read more

What is Proof of Work (PoW)? All you need to now

What is Proof of Work (PoW)?

Proof of Work (PoW) is a consensus mechanism of the blockchain. Such a mechanism is necessary because the blockchain protocol relies on an effective approach to decentralized exchange. If there are changes in the blockchain, these must be confirmed by a consensus mechanism in order to enable the system to work independently and reliably. In … Read more

Distributed Ledger Technology (DLT): Basics for beginners

distributed Ledger Technology DLT

What distributed ledger technology (DLT) is, how it works, what applications there are, and the biggest differences to blockchain. Distributed ledger technology, or DLT for short, describes a data structure that extends over several computers and is geographically distributed over many locations. The best-known form of application of DLT is the blockchain. This is a data structure … Read more