Crypto Learning with Blocto

Knowledge and news from the simplest entry to Blockchain.

How to Migrate from Web2 to Web3

How to Migrate from Web2 to Web3

Since the inception of the internet, the fundamental technology behind the front-facing network has evolved significantly. The original ‘Web1’ technology has been around for over thirty years and was only able to support the transformation of text and images over the internet.  Since then, technology has radically evolved. Let’s explore the evolution of the internet, from its genesis to its most recent iteration.  Difference Between Web2 and Web3  ‘Web2’ refers to the current state of the internet. Common features include…
what is crypto staking

What is Cryptocurrency Staking?

Crypto staking is the process of locking a coin—such as Ethereum, Solana, Tezos, or Cosmos—over a fixed period in order to earn a reward. The staked coin goes directly to help the blockchain validators verify transactions before it's added to the blockchain’s public ledger through a consensus-based process known as proof-of-stake (PoS). Staking of cryptocurrency isn't possible for all cryptocurrencies; only those compatible with PoS have that option. For example, you can't stake Bitcoin (BTC) or Ethereum Classic (ETC) because…
how do dapp browsers work

Dapps and How Do Dapp Browsers Work

What are the differences between Dapps & apps & What is a Dapp browser? What are Dapps? Dapps (decentralized applications) provide the same functionality as regular apps. A user may not feel the differences between a Dapp and a classic app because the interfaces look pretty much the same. However, Dapps run on a distributed peer-to-peer network, aka blockchain, where data is spread across multiple nodes operated by different users. Since data is recorded on thousands of separate computing devices, a blockchain like…
what is web 3.0-blocto

How Blockchain Brings Forth Web 3.0

A brief history on Web 3.0 and blockchain. Web 3.0 vs. Web 2.0 discussed. What is blockchain used for? What is Web 3.0? In 1991, scientists Stuart Haber and W. Scott Stornetta first outlined a cryptographically secured chain of digital documents in the first paper they published. The immutable timestamp of digital records they proposed later became a major inspiration for the enigmatic developer(s) Satoshi Nakamoto’s “purely peer-to-peer version of electronic cash” known as Bitcoin. Back then, the sole purpose of the Bitcoin…
Flow NFT marketplace

Flow NFT Marketplace: NBA Top Shot NFT Collection and the Power of Blocto

Learn why the hottest NFT programs are migrating from Ethereum to Flow NFT marketplace and how to display your NFT collections on Flow using Blocto! NFT programs’ migration to Flow NFT Marketplace Every iteration of the blockchain aspires to exceed its predecessor. Launched in July 2015, Ethereum started to gain traction among decentralized application (Dapp) developers and thrived to become the largest and the most robust blockchain. As the pioneer in the functional form of smart contracts which Dapp providers can…
Open-Source Culture: Blockchain Communities & DAOs

Open-Source Culture: Blockchain Communities & DAOs

Join crypto communities & become a member of BloctoDAO to propel the blockchain movement! Open-source culture Open-source projects are the backbone of the blockchain industry. But this fact has often been overlooked. Many are surprised when they learn that blockchain technology—an advanced theological field that boasts of immutability and security—is established on open-source code. Indeed, the decentralized production model initiated by open-source projects is beneficial for both crypto users and Dapp developers. In the community-based open-source culture, information is not…
Understanding DEX: Token Swapping on BloctoSwap

Understanding DEX: Token Swapping on BloctoSwap

Pros and cons of DEXs & OTC trading explained. The benefits of decentralized crypto exchange (DEX) There seems to be no exit from an overarching financial framework shaped by banking institutions that make a fortune from your daily trades in centralized finance. Whether a major bank or a dominant stock exchange, it requests surcharges of different forms to execute transactions, including but not limited to penalties for late submissions, fiat transfers, and international remittances fees. And as trusted intermediaries that…
speak like a crypto native

Speak Like an NFT/Crypto Native

15 jargons you must know to sound like crypto native in the crypto discussions groups on Discord. Welcome to Bloctopia! No trade in the world does not have jargon, and NFT and crypto industries are no exception. New to an online blockchain community, a citadel where tech-savvy people express their enthusiasm for recent blockchain trends, you sure want to get involved in the passionate conversation, talking like an insider. However, the slang shared among NFT and crypto communities could be…
Crypto Trade: How to Buy Your First Cryptocurrency

Crypto Trade: How to Buy Your First Cryptocurrency

5-minute guide on the key factors of crypto trade and investments, and how to buy crypto with fiat money. Welcome to Bloctopia! You’ve taken the first step of your blockchain journey and arrived at this significant moment of purchasing your first cryptocurrency. To get the hang of things, you may want to get equipped with a few tips for your first crypto trade. Here is a quick guide that captures all you need to know about crypto investment. Three factors…
cross chain swap, teleport token

Cross-Chain Swap: “Teleport” Your Tokens on BloctoSwap

BloctoSwap creates a frictionless gateway for cross-chain transfers. What is a “native token”? Imagine a universe where gaps exist between galaxies, and every galaxy has its own boundary. Akin to such an outer space, Blockchain is not a seamless whole as a decentralized internet space. Instead, it is a collective of multiple blockchains that function under specific crypto transaction protocols and token standards. Each blockchain has an inherent cryptocurrency at its core, called its native token. Running on a blockchain’s protocol,…
Gas fee

What Is Gas Fee in Crypto Transaction

Having trouble proceeding with your crypto transactions? Try Blocto points! Welcome to Bloctopia! 2022 is the year for NFTs to go mainstream. Public interest in digital assets surges following NFT releases of leading media brands and entertainment IPs in 2021. If you are an NBA fan, you have probably heard of NBA Top Shot, one of the hottest NFT collectibles created by the National Basketball Association and Dapper Labs. But did you know Blocto is the only Flow-based wallet that…
How to Set Up a Secure Crypto Wallet

Blocto Crypto Wallet Security: How to Set Up a Secure Crypto Wallet

Crypto scam alerts! Add an extra layer of security to your crypto wallet. Why is crypto wallet security important? Crypto scams and thefts have been increasing at a steady rate. According to the latest data presented by blockchain data firm Chainalysis, over $14 billion of digital assets were stolen by crypto-related scams in 2021, a new all-time high that is twice the $7.8 billion taken by scammers in 2020. Compared to the traditional web infrastructure, blockchain provides a relatively more secure environment as…
BLT and FLOW Crypto Staking

BLT and FLOW Crypto Staking: Earn Staking Rewards while Holding Your Cryptos

Look for low-risk crypto investment? Earn passive income by the step-by-step how to stake $BLT and $FLOW. Welcome to Bloctopia! Is crypto staking worth it? How does it work? For many crypto investors, crypto staking is a way to generate stable rewards over the long term. Akin to an interest-bearing bank account, you set aside (“stake”) part of your holdings to a consensus node in a blockchain protocol to earn a percentage-rate reward over time. In addition to generating returns,…
The Danger of Not Understanding Token Standards

The Danger of Not Understanding Token Standards

Helpful Tips to Avoid Transaction Failure! What is blockchain token standard? Does it matter? What is your biggest fear when it comes to cryptocurrency? Scam, crypto volatility, false crypto knowledge, investing in wrong cryptos, ... there can be many options. One of the worst nightmares that could ever happen to a crypto wallet user is transacting tokens to the wrong blockchain. Since tokens built on separate blockchains comply with dissimilar smart contracts and token standards, sending your digital assets to…
Crypto Liquidity and Liquidity Mining

Everything You Need To Know About Crypto Liquidity and Liquidity Mining

What they didn't tell you when you provide liquidity to create passive income. Understanding Crypto Liquidity Liquidity has been the lifeblood of the crypto market that assumes the form of an automaton since Uniswap launched its first automated market maker (AMM) decentralized exchange that connected traders directly, without intermediaries. In contrast to the banking industry, the trading mechanism in decentralized exchanges (DEXs) allows users to trade against each other’s digital assets in a permissionless manner through the use of liquidity…
blockchain smart contract

What Is a Blockchain Smart Contract, and How Does It Work?

A quick introduction to the smart contract and the crucial role it plays in your crypto transaction. What is a blockchain smart contract? A blockchain smart contract, i.e., a transaction protocol, is a computer program that automatically executes operations when conditions are met. The agreement terms between buyer and seller are directly written into the computer code, so the participants in a transaction are immediately sure of the outcome without intermediaries and time loss. Since the code that controls the…