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BLOCKCHAIN

Introduction Blockchain technology is an innovative idea using decentralized applications that has enabled secure transparent transactions. Blockchain facilitates transactions directly between parties with the use of a shared database, thus encouraging decentralised trustworthiness across fields such as finance, healthcare, among others. What one does is that each transaction, or ‘block,’ connects to the previous one, thereby forming a secure ‘chain,’ which would be almost impossible to forge...

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Exploring the Base Network Ecosystem

IntroductionGiven the introduction of blockchain into financial services, two key factors that achieving scalability and affordability prevent the general populace’s integration. These maladies were solved by Coinbase’s Base network, a Layer 2 Ethereum scaling solution. Since its launch, many different projects within the DeFi space, NFTs, gaming, and beyond have flocked to Base for Ethereum security and Base speed. In this article, we present some of the major propositions in the Base ecosys...

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Why is layer 2 important ?

Introduction Blockchain technology has disrupted industries through decentralised and secure trading. But, as more people apply blockchain, its drawbacks have emerged: primarily, it is scalability, transaction velocity, and cost. All these challenges, especially on popular Layer 1 networks like Ethereum, greatly slow the adoption of decentralized applications (dApps). These are the areas where Layer 2 solutions are important – providing architectures that address these fundamental problems at...