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Introduction: Blockchain Gas and Transaction Fees

By BIG Publishing | Blockchain, Blog | Comments are Closed | 29 January, 2023 | 0

In the world of blockchain technology, gas and transaction fees are an important concept that is used to cover the cost of executing transactions and executing smart contracts on the blockchain. These fees play a crucial role in the overall functioning and security of the network, and they are used to incentivize miners and otherRead more

The Promise of Solana and Other Top Layer 1 Blockchains

By BIG Publishing | Blog | Comments are Closed | 9 August, 2022 | 47

Since the creation of Bitcoin in 2009, more than 10,000 active cryptocurrencies have been created as of 2022, and all of them utilizing blockchain technology as the foundation to enable transactions to happen. Bitcoin utilizes a blockchain architecture called Proof of Work (PoW), with most later coins using Proof of Stake (PoS). Both are relativelyRead more