smart contract Archive

Zero-knowledge proofs: what is it and its role in blockchain technology

Advancements in blockchain technology with the integration of zero-knowledge proofs have significantly enhanced the privacy, security, and efficiency of blockchain networks. Let’s see more in detail.  What are Zero-knowledge proofs? Zero-knowledge proofs is a method for one party to cryptographically prove to another that they possess knowledge about a piece of information without revealing the

 The evolution of smart contract: What will look like in 2024

Smart contracts, a groundbreaking application of blockchain technology, have been evolving rapidly since their inception, Nearly there are more than 44 million smart contracts deployed on Ethereum Smart contracts have come a long way and are poised to undergo significant changes by 2024. We will explore the evolution of smart contracts and speculate on what

Ethereum 2.0 – Transition to Proof of Stack (PoS)

Ethereum, the second-largest cryptocurrency by market capitalization also ethereum is being used in varied applications like NFT marketplace script – minttrade where about 1.3% of the world’s population owns bitcoin, illustrates this in the process of transitioning from its current proof of work (PoW) consensus mechanism to a proof of stake (PoS) mechanism. This transition,

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