Author: Sarvottam Mishra

If you’re an active member in the Crypto community, you might be aware of raging and fearful  gas fees (transaction fees),  which are  sky-rocketing .We are frequently seeing 100 – 300 gwei(One gwei equals 0.000000001) resulting in 50-150 dollar prices on Ethereum’s Mainnet (Layer 1) at rush hour! Also read: Smart contracts – explained in the simplest terms possible What is the meaning of gas fees? This gas fee isn’t gasoline for your car or gas you might be using to run your Computer.The concept of gas was introduced to maintain a distinct value layer that solely indicates the consumption…

Smart contracts are essentially software applications that run and operate automatically.A central authority or “trust” of other parties is not necessary for the exchange of information and execution. As to the fact that it is software, it cannot be  clever, or ‘smart’, except that it runs automatically. There are programming languages that are well written and those that are badly written. Also read : Do we see an end to unregulated exchanges in Crypto? Using smart contracts, how do they work?. Suppose we both bet $50 on the weather in Paris tomorrow. You predict sunshine, I predict rain. As of…

Since 2013, the exchange development has not been regulated by authorities ,which means that we’ve been trading with unregulated exchanges , and it is also challenging to deal with exchange cases. It is almost impossible to determine who is responsible. The crypto adoption grew by 880% between June 2020 and July 2021. There are many signs that suggest this phenomenon may soon change, and that the unregulated exchanges era may be coming to an end!Also read: Cryptocurrency media projects that you should be looking at right now. First, let’s have a look at Binance, a very popular unregulated exchanges On…

Globally, India has ranked second in crypto adoption this year amid an unprecedented bull market in crypto assets. With a huge population, India could be the lead in coming years.With adoption of citizens, India’s National security regulator plans to launch a blockchain security system for monitoring financial instruments in a move that could mark an important step forward in the use of distributed ledger technology in financial regulation.Also read: Blockchain in Gaming: How it will bring a revolution SEBI is a statutory regulatory body established on the 12th of April, 1992. It monitors and regulates the Indian capital and securities…

Blockchain technology has been trending since the 2021 bull run. Even though the adoption of blockchain is getting diverse still many people are uneducated and unaware about it. The increasing adoption of blockchain in gaming is going to bring a revolution. Blockchain in simple words is a chain of data blocks on a computer network and is transparent to all its users and to everybody else. It neither can be changed or moved. In this way, an intact history of everything that has happened on the network regarding the data is kept. The system is decentralized, which means that there…