Jun 17What are L1 and L2 Blockchains?Are Crypto Jargons like Level 2 Blockchains confusing you? Let's break it down. — Not all blockchains are made equal. Sure, Bitcoin was the first universally accepted blockchain that dawned the era of decentralized thinking. Then came Ethereum, and with it, Decentralized Finance was born. Polygon has opened a new world with fast transactions and cheap gas fees. Layer 1 Blockchain (L1) I am starting with Layer 1…Web 34 min read
May 22Lunacy amidst Crypto CrisisA few weeks ago, a cryptocurrency of over $40 Billion in Market Cap got obliterated. This has caused a domino effect in the global financial markets. Read on to know more. — A couple of weeks ago, a stable coin, UST, lost its peg, causing millions of dollars of losses to its investors. Let’s try to understand what happened. What’s a Stable Coin? Stable coins are cryptocurrencies with a constant value of $1. …Defi5 min read
Apr 30India’s PolygonWhat if I told you India is leading the world of web3 and the token MATIC which has a market cap of over $10 Billion was built by three Indian Engineers in Mumbai. — The story starts in 2017 with developers Jaynti Kanani, Anurag Arjun and Sandeep Nailwal. The infamous NFT project Crypto Kitties had just brought down the entire Ethereum network. The trio realized that the Ethereum blockchain was just not scalable.Matic2 min read
Published in Coinmonks·Apr 16DeFi 101This is a breakdown of the DeFi 101 session by Siddharth Verma on The Product House web3 Community. Siddharth is a co-founder of Onjuno, which enables payment of Salary in Crypto among wonderful other things. This post is written in a Twitter-friendly way, Enjoy. — Let’s understand some jargon before we start: 💡 Smart Contract: The Magic Sauce that enables programmable movement of funds without manual intervention. This is a game-changer that empowers web3 and enables De-Fi to exist.Crypto4 min read
Mar 24How to Setup a MetaMask wallet in two minutesFaster than making Instant Noodles — Go to https://metamask.io/ and click on Install MetaMask for Chrome 2. Click Add to Chrome to install the MetaMask Chrome ExtensionHow To2 min readHow to Setup a MetaMask wallet in two minutesFaster than making Instant NoodlesGo to https://metamask.io/ and click on Install MetaMask for ChromeThis Works on mobile phones too.2. Click Add to Chrome to install the MetaMask Chrome Extension----
Published in Coinmonks·Mar 20Metaverse 101This is a breakdown of the Metaverse 101 session by Sai Krishna V on The Product House web3 Community. Sai is an Advisor to Polygon and Founder of Scapic, a Virtual & Augmented Reality No-Code platform, acquired by Flipkart. This post is written in a Twitter-friendly way, Enjoy. — For most people, the Metaverse is some hi-tech, outlandish concept difficult to understand. In reality (or should I say virtual reality 😎), the Metaverse is not that complicated.Web 35 min read
Published in Coinmonks·Mar 12Crypto during WarHow is Crypto impacting the ongoing War between Russia and Ukraine? — Unless you’re living under a rock, you’ve probably heard about the Russia-Ukraine war that is currently underway. I do not support Russia in the war and I hope a peaceful resolution is reached as soon as possible. …Russia3 min read
Published in Coinmonks·Feb 27Bitcoin 101Get a bite-sized version of Crypto Fundamentals — Bitcoin is where it all started. It laid the foundations for the postmodern world of web3. Meet Satoshi Nakamoto. The actual identity of the creator of Bitcoin is unknown. It amazes me that we don’t know who this person is, even today.Cryptocurrency3 min read
Feb 4Gas Fees are no laughing matterOn the Ethereum blockchain, doing anything requires you to pay Gas Fees. Read to learn more about Gas Fees, it could save you hundreds of dollars. — What is Gas? Gas is the measure of the computational efforts required to perform actions on the Ethereum blockchain. In the conventional sense, Gas or fuel enables a driver to drive their car. Similarly, Gas in web3 fuels transactions on the blockchain.Bitcoin3 min read
Jan 28How to sell NFTsRead to find out how to list and sell NFTs without paying any gas fees. — You must have heard about people buying and selling NFTs for astronomical amounts of money. Today, I will show you how to list your NFT for free. Scroll down to the heading Step by Step Guide begins here to Skip Intro. What is an NFT? Before we start selling NFTs, let’s try to understand…Cryptocurrency6 min read