27 Blockchain and Cryptocurrency Articles from Nicholas Idoko’s Blog

Nicholas Idoko’s blog is a large archive of content 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 to understanding the Blockchain and Cryptocurrency industry.

Without further ado, let’s start highlighting these fascinating topics, please click on the post links to read more of the content.

First article

What you should know about NFTs

This article highlights what an NFT is all about, how it works, how NFTs are created, what else an NFT can be, and how to buy and sell an NFT.

Second article

The history and development of DApps and DeFi

This article informs you about what is DeFi (Decentralized Finance) and DApps (Decentralized Apps). The difference between decentralized economy and decentralized apps. The history and development of the two began with Bitcoin, Ethereum, Makerdao, Compound Finance, Balancer and Yam Finance. We also try to speculate on 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 includes the semantic web, visual immersion, artificial intelligence and ubiquity.

Fourth article

Can money really 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 deficiencies. 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 crypto betting is, how staking works and how you can bet cryptocurrency using an exchange, join a staking pool or become 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 whether investing in an NFT is worth it.

Seventh Article

Is it a good idea to save money in cryptocurrency?

High volatility, market risk, cyber risk, decentralization, risk associated with peer-to-peer transactions and unregulated trading platforms or exchanges. These are some of the risks of saving money in cryptocurrency. This article explains all these risks, as well as gives you a final opinion on whether it is a good idea 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 the blockchain works using Bitcoin as a case study, as well as whether the blockchain is secure.

Ninth Article

What is the purpose of Blockchain?

Blockchain has many advantages that make it useful, such as its decentralized structure, speed, trust, immutability, reduced costs, visibility and traceability. It has also been used in the real world and some sectors currently enjoying such benefits are real estate, voting, medicine, supply chain, NFTs, etc. This blog post describes the purposes of blockchain.

Tenth Article

What is cryptocurrency and how it works

This article goes into more detail about what cryptocurrency is all about, how it works, as well as 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 whether 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 fundamentals of becoming a crypto trader which are: understanding the relationship between risk and reward, order types: limits and stop losses, news and community sentiment, self-monitoring and technical analysis.

Twelfth Article

What are the differences between Blockchain and Cryptocurrency?

Many 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 the blockchain and how it all started with a roadmap from year to year, as well as the different 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 criticisms 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 of 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, stakes, lending and borrowing. This article also goes into more detail about how yield farming works, and the risks of yield farming.

Seventeenth Article

Proof of Work vs Proof of Stake in Blockchain

This post describes how proof of work and proof of effort came to be, and why proof of something (either work or effort) is required in the blockchain. The article also dives further 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. In addition to how to become a blockchain developer and the best skills for blockchain developers such as blockchain architecture, data structures, smart contract development, cryptography, web development and programming languages.

Nineteenth Article

What do gas taxes 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 differs from CeFi, the features of centralized finance, the features of decentralized finance, and which is better: DeFi or CeFi

Twenty-first article

What does a Blockchain wallet mean?

This article goes deeper into what a blockchain wallet is, how blockchain wallets work, and what types of blockchain wallets are hot and cold wallets.

Twenty-second article

What is a smart contract in Blockchain?

This post explains what is a smart contract, history of smart contracts, how smart contracts work, benefits of smart contracts like speed, efficiency and accuracy, security, trust and transparency, savings. The post also states some of the use cases of smart contracts in finance, NFT, gaming, legal industry and real estate.

Twenty-third article

Is cryptocurrency bad for the environment?

Many people have negative comments about cryptocurrency saying that it is bad for the environment because of the amount of energy it uses. This post informs you about 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 can 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 ledgers such as security, cost savings, smart contracts, entity 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 design, and architecture.

26th 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 about in the blockchain, how a zero-knowledge proof works, and the properties of zero-knowledge proofs such as completeness, soundness, and zero-knowledge. The types of zero-knowledge proofs like interactive and non-interactive zero-knowledge proofs. The applications of zero-knowledge proof in blockchain, finance, messaging applications and complex documentation.