Blockchain Blogs

  Introduction A digital wallet is a software that allows you to securely store and manage sensitive information, such as your login credentials, personal information, and financial details. With the help of cryptography and  self-sovereign identity  (SSI) principles, you can share your information with others without disclosing any sensitive data. It gives you complete control over your data and lets you decide what to share and keep private. The Polygon ID Wallet is an example of a privacy-focused digital wallet that protects your identity and metadata using  zero-knowledge proofs.  This wallet interacts with issuers to fetch credentials and verifiers to share proof of these credentials. The Polygon ID Wallet app is built using a Wallet SDK, which allows other  web3 wallets  to add similar functionalities. How to use PolygonID with DAO On the right side, we see the Polygon ID mobile wallet. On the left side, we see the Polygon Verify website. We are now creating a wallet. It contains

  Introduction A zero-knowledge proof (ZKP) verifier is a mechanism that allows one party (the prover) to prove to another party (the verifier) that they possess certain information without revealing the actual data itself.  The verifier checks that the proof provided by the prover is valid, meaning that it meets specific predefined criteria and that the prover knows the information without revealing it. The proof provided by the prover is a mathematical object that depends on the information and the predefined criteria, usually created using a specific algorithm called zero-knowledge proof construction. The ZKP verifier can be in the form of a smart contract, software, or hardware device. It can be used in various scenarios, such as in privacy-sensitive applications, where the verifier needs to confirm that a user has access to specific data without actually seeing the data, or in financial systems where a user wants to prove that they have the assets they claim to have without reveal

  Introduction Zero-knowledge proofs are cryptographic protocols that tell you something is true without providing additional secret information beyond what you want to prove.  Zero-knowledge proofs (ZKP) are a method of verifying information without revealing the underlying data. Example of Zero Knowledge Proof- Imagine a scenario where Alice wants to prove to Bob that she is over 21 years old without showing her exact age. One possible solution would be for Alice to show her ID to Bob, revealing her date of birth, which is more information than necessary. In real life, ZK Proof can be applied to various industries and use cases, such as financial transactions, medical records, and digital identity verification. Zero Knowledge proof example: ZKP crypto can be used in the financial sector to prove ownership of an asset without revealing the exact amount or a person's identity without revealing their personal information. In summary, zkp blockchain is a powerful technology that can

  Introduction Royalty payments, also known as royalties, have been essential in the broader financial landscape. Royalty payments are made to another party in exchange for the use of the latter's assets. For example, music artists may grant online streaming services, other musicians, or radio stations permission to play their records in exchange for a fee. How will explaining NFT royalties for beginners help in such cases? Interestingly,  non-fungible tokens  have introduced significant benefits for overcoming the drawbacks of traditional royalty payment systems. What effect do NFTs have on royalties and the underlying mechanisms? The following discussion attempts to provide an answer by giving an  overview of NFT royalties and their work.  Furthermore, learners can identify their benefits alongside the economics driving NFT royalties. What is NFT Royalties Meaning? NFT royalties are payments made to original  NFT  creators in exchange for using their non-fungible tokens (NFTs). I

  Why Is Tokenomics Crypto Important? Just as central banks use monetary policy about their respective fiat currencies, proper tokenomics design, management, and execution enable project teams to build an efficient economy around their solutions, facilitating the growth of the ecosystem and the token's price. Tokenomics is an essential factor to consider for investors because it significantly influences the future price of a digital asset and whether the project can achieve the goals specified in its roadmap. Simply put, regardless of the team's expertise and dedication, the concept's potential, or the amount of funding raised from early investors and venture capitalists, bad  tokenomics  will almost certainly lead to the failure of a crypto project. What is the focus of tokenomics? Issuance  — The total number of tokens that will be issued, the process of creating tokens, and whether or not new tokens will be published regularly. Tokens  can be distributed as part of a fai

  Introduction How we conduct business and even live our daily lives is changing due to the blockchain and the opportunities it provides. A  "smart contract,"  a tiny piece of software kept on a blockchain, can speed up transactions, lower costs, and save time. The characteristics of the trust-shifting technology known as smart contracts and the sectors that potentially profit from them will be covered in this blog. Benefits of Smart Contracts 1. Independence and savings Due to the lack of brokers or other intermediaries,  smart contracts prevent third parties from manipulating the agreement.  Smart contracts also save money because there is no need for an intermediary. 2. Transparency Since everyone is aware of the same facts at once, there is less chance that the contract's terms will be manipulated. Since smart contracts are built on the blockchain, they guarantee the immutability of data, enabling the creation of contracts and agreements without the need for prior int