Nicholas Idoko’s Blog is a vast repository of contents from various categories such as Business, Technology, Life, Health, Freelance, and Africa.
Today, we aim to highlight some of the posts on Blockchain from Nicholas Idoko’s Blog that are essential in understanding the Blockchain and Cryptocurrency industry.
Without further ado, let’s begin highlighting these fascinating topics, kindly click on the links to the post to read more of the content.
First Article
What you are to know about NFTs
This article highlights what an NFT is all about, how it works, how NFTs are created, what else can be an NFT, and how one can buy and sell an NFT.
Second Article
The History and Evolution of DApps and DeFi
This article informs you on what is DeFi (Decentralized Finance) and DApps (Decentralized Apps). The difference between Decentralized Finance and Decentralized Apps. The history and evolution of the two began with Bitcoin, Ethereum, Makerdao, Compound Finance, Balancer, and Yam Finance. We also try to speculate about the future as well.
Third Article
My Thoughts on Web 3.0 Infrastructure
This post begins with the history of the internet and how web 1.0 came to be, the rise of social media, and the birth of web 2.0. The architecture of web 3.0 of which includes the Semantic web, Visual immersion, Artificial Intelligence, and Ubiquity.
Fourth Article
Can Money Truly be Decentralized?
We try to discuss the following in this blog post, the concept of decentralization. The benefits of decentralization such as data reconciliation, a trustless environment, better resource distribution, and a reduction in degrees of shortcomings. The rise of decentralized money and some of the myths about decentralized finance.
Fifth Article
What does Staking mean in the Crypto Space?
In this blog post, we explain what is crypto staking, how staking works, and how to stake cryptocurrency by using an exchange, joining a staking pool, or becoming a validator.
Sixth Article
Is It Worth buying an NFT today?
There are so many reasons to buy an NFT today. However, there are reasons why you should and shouldn’t. This article further explains what an NFT is, outlines the pros and cons of buying an NFT, and answers if investing in an NFT is worth it.
Seventh Article
Is It Wise to Save Money in Cryptocurrency?
High volatility, market risks, cyber risks, decentralization, risks associated with peer-to-peer transactions, and unregulated trading platforms, or exchanges. These are some of the risks of saving your money in cryptocurrency. This article explains all these risks as well as presents you with a final opinion on if it is wise to save money on cryptocurrencies.
Eighth Article
What Blockchain is and How it works
This article explains how blockchain uses distributed ledger technology. The five key concepts of blockchain such as Shared ledger, permissions, smart contracts, consensus, and immutable records. The post also explains how blockchain works using Bitcoin as a case study as well as if the blockchain is secure.
Ninth Article
What are the purposes of Blockchain?
Blockchain has a lot of benefits that make it useful such as its decentralized structure, speed, trust, immutability, reduced costs, visibility, and traceability. It has also been applied in the real world and some sectors currently enjoying such benefits are real estate, voting, medicine, supply chain, NFTs, etc. This blog post details the purposes of blockchain.
Tenth Article
What is Cryptocurrency and How it works
This article goes into deeper detail about what cryptocurrency is all about, how it works, as well as its mining, buying, selling, storing, transacting, or investing. The various types of cryptocurrency such as Bitcoin, Altcoin, and Crypto tokens. The post also tries to answer if cryptocurrency is a good investment.
Eleventh Article
What does it mean to be a Crypto trader?
This article explains who is a crypto trader and outlines 5 basics to becoming a crypto trader which are: understanding the relationship between risk and reward, order types: limits, and stop losses, news and community sentiment, self-control, and technical analysis.
Twelveth Article
What are the differences between Blockchain and Cryptocurrency?
A lot of people confuse or use blockchain and cryptocurrency interchangeably but they do not mean the same thing. This article tells you what a blockchain is and what a cryptocurrency is. The relationship between blockchain and cryptocurrency. The similarities and differences between blockchain and cryptocurrency, and the future of blockchain and cryptocurrency.
Thirteenth Article
The History and Invention of Blockchain
This post goes into detail about the history of blockchain and how it all started with a year-to-year roadmap as well as the various versions of the blockchain.
Fourteenth Article
What is Proof of Work in Blockchain?
This article defines proof of work, why proof of work is very important, how the proof of work model works, how bitcoin uses proof of work, and the criticism of proof of work such as energy requirements, and centralization.
Fifteenth Article
What is Proof of Stake in Blockchain?
This post defines proof of stake, how proof of stake works, the mining power in proof of stake, the goals of proof of stake, and proof of stake security.
Sixteenth Article
What is Yield Farming in Blockchain?
This article defines what yield farming is, and the types of yield farming such as liquidity providers, staking, lending, and borrowing. This article also goes further into how yield farming work, and the risks of yield farming.
Seventeenth Article
Proof of Work vs Proof of Stake in Blockchain
This post details how proof of work and proof of stake came about, and why proof of anything (whether work or stake) is required in the blockchain. The article also further dives into blockchain ordering, energy utilization, participation, and reward distribution.
Eighteenth Article
Who is a Blockchain Developer?
What is a blockchain? What is blockchain development? Who is a blockchain developer? These are some of the questions answered in this post. As well as how to become a blockchain developer and the top blockchain developer skills such as blockchain architecture, data structures, smart contract development, cryptography, web development, and programming languages.
Nineteenth Article
What do Gas Fees mean in Blockchain?
This article goes into what gas fees are in Ethereum, how gas fees can be calculated, Why Ethereum gas fees are expensive, and making gas fees more affordable.
Twentieth Article
Centralized vs Decentralized Finance Applications
This article explains what is centralized finance, what is decentralized finance, how DeFi is different from CeFi, the features of centralized finance, the features of decentralized finance, and what’s best: DeFi or CeFi
Twenty-first Article
What does a Blockchain wallet mean?
This article goes deeper into what is a blockchain wallet, how blockchain wallets work, and the types of blockchain wallets such as hot and cold wallets.
Twenty-second Article
What is a Smart Contract in Blockchain?
This post explains what is a smart contract, the history of smart contracts, how smart contracts work, benefits of smart contracts such as speed, efficiency, and accuracy, security, trust and transparency, savings. The post also states some of the use cases of smart contracts in Finance, NFTs, Gaming, the Legal Industry, and Real Estate.
Twenty-third Article
Is Cryptocurrency Bad for the Environment?
A lot of people have negative remarks about cryptocurrency and say it is bad for the environment because of the amount of energy it consumes. This post informs you on what is Cryptocurrency mining, the energy consumption of cryptocurrency mining, why cryptocurrency mining requires energy, the effect of cryptocurrency mining on the environment, as well as a final opinion on could cryptocurrency mining use less energy.
Twenty-fourth Article
What does a Distributed Ledger mean in Blockchain?
This post answers what is a distributed ledger and explains what distributed ledger technology means, how distributed ledgers work, and the benefits of distributed ledger such as security, cost savings, smart contracts, device management, audit trails, and data reliability. This article also speculates on the future of distributed ledger technology.
Twenty-fifth Article
Blockchain vs Database: Similarities and Differences
This article defines a blockchain, and a database, and states the similarities and differences between blockchain and database based on control, permissions, security, append-only-by design, and architecture.
Twenty-sixth Article
What is Crypto Mining in Blockchain?
This article tells you what is crypto mining, how crypto mining works, why crypto mining is important, and how to start mining cryptocurrency.
Twenty-seventh Article
What is Zero Knowledge Proof in Blockchain?
This article explains what zero-knowledge proof is all about in the blockchain, how a zero-knowledge proof works, and the properties of zero-knowledge proof such as completeness, soundness, and zero-knowledge. The types of zero-knowledge proofs such as interactive and non-interactive zero-knowledge proofs. The applications of zero-knowledge proofs in blockchain, finance, messaging applications, and complex documentation.
