Ready to interact with social media the Web3 way? Learn more below and start with these SocialFi projects!  What is SocialFi? Recently, you may have started seeing or hearing the term ‘SocialFi’ more and more. As Web3 platforms begin to carve out spaces for creating, managing, and owning social media content, the excitement and momentum for SocialFi, which combines the principles of social networking and decentralized finance (DeFi), likewise begins to build. Learn more about SocialFi in our previous article!…

Learn the benefits of integrating with a software development kit (SDK) and get started with Blocto SDK! What is an SDK? A software development kit (SDK), also known as a devkit, is a collection of tools for software development that are contained in one installable package. SDKs can contain libraries, tools, sample code, relevant documentation, and application programming interfaces (APIs), and are usually specific to a certain operating system. For example, building an app for iOS requires an iOS SDK.…

Preface EIP-4337 is a smart contract wallet solution to achieve account abstraction. The objective of account abstraction is to allow users to use an address, in this case an address of a smart contract wallet, to interact with blockchain, regardless of transaction verification logic. As a pure smart-contract-based solution, this protocol introduces neither consensus-layer changes nor EVM-related changes. By adding up off-chain protocols with a few on-chain smart contracts, EIP-4337 is largely viewed as the most feasible way to account…

Dive into all things SocialFi with Blocto! What is SocialFi? Simply put, the relatively new term ‘SocialFi’ combines the principles of social networking and decentralized finance (DeFi). You may have heard this term recently, as Web3 platforms begin to carve out spaces for creating, managing, and owning social media content. A key feature of SocialFi is its decentralization—meaning users’ privacy and personal assets are better protected compared to more traditional Web2 models of social networking. As they say, “If a…

An easy guide to how NFTs work, NFT marketplaces, and more. What is an NFT? You might have heard (or seen) these three letters all over pop culture for the past year or so. Along with crypto and the metaverse, NFTs have skyrocketed in popularity among creators, consumers, and brands alike. So what is it? NFT stands for ‘Non-Fungible Token’—a digital asset that’s unique, and therefore can’t be replaced or exchanged for anything else. NFTs are built with blockchain technology,…

A beginner’s guide to Polygon technology. What is Polygon? Polygon, formerly known as MATIC Network, is a blockchain platform and Ethereum scaling solution that’s designed to provide faster and more affordable transactions while maintaining security. Polygon operates as a Layer 2 solution on top of Ethereum, and uses a network of Proof-of-Stake (PoS) validators to validate transactions and produce blocks. This makes it a scalable, low-cost alternative to the Ethereum mainchain. Polygon also supports multiple programming languages and developer tools,…

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 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…

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…

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…

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…

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…

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…

Read on for a quick five-minute guide on the key factors of crypto investment, as well as how to buy cryptocurrency with fiat money. What is Crypto Trading? Crypto trading is the act of buying and selling cryptocurrencies on an exchange platform. Trading usually involves speculating on price movements, and users profit by buying low and selling high. This is ideal for users that want to capitalize on ever-changing token value. What to Consider in Crypto Trading Since the technology…

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,…

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…

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…

Learn about crypto investment and earning passive income with this step-by-step guide on how to stake $BLT. What is crypto staking and how does it work? For many crypto investors, crypto staking is a way to generate stable rewards over the long term. Similar to an interest-bearing bank account, you set aside, or ‘stake’, part of your holdings to earn a percentage-rate reward over time. In addition to generating returns, the benefits of crypto staking involve the following: Staked tokens…

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…

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…

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…