Olivia Smith's Blog – February 2022 Archive (5)

Metaverse, NFTs, And Crypto Tokens - Get To Know About Their Relation

Metaverse, NFTs, and Crypto tokens, each of these entities, serve a distinct purpose while also sharing and contributing to the growth of the others.

Let's dissect each of these terms first,

Metaverse - The metaverse is an online, three-dimensional universe that combines multiple virtual spaces. It can be compared to a future version of the internet.…

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Added by Olivia Smith on February 9, 2022 at 3:07am — No Comments

What Are The Components Of Blockchain?

Scientifically speaking, a blockchain is a collection of blocks connecting data in a sequence. The block is a collection of data and information collected in a block and hash of the previous block.

When a new block attaches to this chain, they act as connectors forming a blockchain.

In other words, Blockchain is stored in a ledger that records and…

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Added by Olivia Smith on February 8, 2022 at 1:45am — No Comments

What Is The Process Of Smart Contract Development?

The life cycle of a smart contract is divided into numerous stages also known as its evolution. These ensure that the technology accurately defines and secures the business needs.

The following is how a smart contract is created.

Define the rationale and requirements for the business

The parties involved establish the smart contract’s specific…

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Added by Olivia Smith on February 7, 2022 at 1:47am — No Comments

A Brief Past Of Tokens & How They Mingle With Modernized Crypto

History is not just a view of the past. It can also be a window to the present and the future. Anyone interested in Bitcoin or crypto please read on.

Did you know that one of the earliest uses of a ‘utility token’ is in ancient Rome? Or that privately minted tokens were used over centuries in Britain (and elsewhere) as coins when there was severe shortage of…

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Added by Olivia Smith on February 3, 2022 at 2:45am — No Comments

Meta Soon To Bring 3d Avatars To Instagram, Facebook & Messenger

Facebook and Instagram parent Meta has started introducing 3D avatars for Instagram Stories and direct messages, and is updating the existing avatars in Facebook and Messenger. The new 3D avatars are being seen as the company’s first step towards coming up with people’s appearance for the famous metaverse. The new avatars have only been launched for users in the…

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Added by Olivia Smith on February 1, 2022 at 4:30am — No Comments

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