A Non-Fungible Token (NFT) is a piece of data that is stored on a blockchain that certifies a digital asset to be unique. An NFT can represent pictures, videos, GIFs, audio and other types of digital files. Since they are stored on the blockchain they can be used to verify ownership and authenticity….
Category: Crypto and Blockchain
Aurory: Solana’s NFT-based gaming platform
NFTs and Gaming The adoption of Non-Fungible Tokens (NFTs) has rapidly accelerated in recent months. However, the adoption appears to be mostly limited to artwork collections such as CryptoPunks and Bored Ape Yacht Club. The most expensive NFT is currently Beeples ‘Everydays’ which sold for $69 million at auction. The artwork is a…
How To Withdraw From Binance To A UK Bank Account (Step By Step Guide)
Clear Junction, who were the payment processor for Binance’s Faster Payments, announced on 12th July 2021 that they would no longer be facilitating payments related to Binance. One month later and there is still no direct method to withdraw GBP from Binance to your bank account as a UK customer. Fortunately there are…
Cardano Smart Contracts Are Coming Next Month
IOHK made an announcement on Friday via their social media accounts that Smart Contracts will launch on the Cardano Mainnet on Sunday 12th September 2021. This will be implemented through a hard fork combinator event, dubbed the “Alonzo hard fork“. This long-awaited update will take Cardano into the Goguen Era, which represents a…
EIP-1559 Explained
The London hard fork, Ethereum’s latest network upgrade, went live on Thursday 5th August at block height 12,965,000. This implemented a number of Ethereum Improvement Proposals (EIP) with the main focus on EIP-1559. A common misconception is that EIP-1559 will resolve the issue of high fees in times of network congestion. The issue…
What Is A Smart Contract?
Traditional contracts In order to understand what smart contracts are and how they can be used, we should first define what a traditional contract is. A contract can be broadly defined as a promise or performance given in exchange for a promise or performance. Traditionally this involves an offeror making a specific offer…
