If you have note seen the PART TWO of this list, check it out here. TRANSACTION FEE An amount of money users are charged from their transaction when sending cryptocurrencies. This is “optional” and used to give miners incentive to quickly process their transaction since they receive the fee as…

If you have note seen the PART ONE of this list, check it out here. JOMO This acronym stand for “Joy Of Missing Out”. Perhaps you missed out buying some coins in a Deep, so you are excited. KYC This stand for “Know Your Customer”. Used to describe a series of laws…

Blockchain The blockchain is a digital ledger of all the transactions ever made in a particular cryptocurrency. It’s comprised of individual blocks (see definition above) that are chained to each other through a cryptographic signature. Each time a block’s capacity is reached, a new block is added to the chain. The…

Over the years, Ethereum has brought all kinds of advancements into the cryptocurrency space including smart contracts and high interest paying decentralized applications. Ethereum faces three big challenges: The first, is the Low Throughput issue. Which is a fancy way of saying Ethereum can only handle Thirty transactions per second(Ethereum…

In the first 6 months of 2022, Web3 projects have lost more than $2 billion to hacks and exploits — more than all of 2021 combined — CertiK. This shows the importance of security assessment such as external audit, code review, and practising good software development design principles. Web3 or…