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How To Set Up A Crypto Wallet?

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  Crypto wallet apps   are the gateway to creating a solid footprint in Web3 & the crypto investing world. But here’s the catch: just like one shoe size does not fit all, the crypto wallet that is right for you depends on what you want to do with your cryptocurrency and the type of safety net you want to have. Things to Consider When Selecting a Cryptocurrency Wallet When choosing a crypto wallet, it is vital that you think about why you are using crypto to begin with. That is because various wallets are made for various use cases. So, it’s wise to stick with an option that is congruent with the way you’ll be interacting with various cryptocurrency networks. Here are a few questions you should have the ask yourself when picking your first wallet: How much cryptocurrency are you planning to store in the wallet? Are you only using Bitcoin? Do you need enhanced privacy features? Note that security should be your top priority before you set up a crypto wallet as this software ...

What Is A Smart Contract On Blockchain And How Does It Work?

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  A smart contract is a self-executing seller-buyer agreement that is directly inscribed into lines of code. Traceability, transparency, & irreversibility are its hallmarks. Automation of an agreement’s execution by smart contracts   ensures   the outcome’s certainty. Further, as no third party is involved, the transaction gets completed quickly.  Here’s how the smart contract’s workflow is automated: the next action is triggered when certain conditions are met. While a traditional contract is enforceable by law, a smart contract on blockchain is enforceable by code. When was the need for a smart contract recognized? Nick Szabo, a legal scholar and a cryptographer, first used the term smart contract in an article in 1994. His theory was that these contracts could be written in code.  So, these can be stored and replicated on the system. Moreover, smart contracts can be supervised by a network of computers comprising the blockchain. These could also help...