Author: Eniola Ogunmola

In a world where decentralisation guarantees freedom and security, it is safe for all industries to accept and build on it. For instance, the educational sector should not just be technology inclined but be decentralised too. Don’t doubt the possibility of this because it is here. Let me ask; Are you a new Techie hoping to transition into the Web3 space? I introduce to you again EA KAZI, an online teaching, learning and earning system. Built on the NEAR blockchain technology, EA Kazi aims to maximise opportunities for job creation and multiple streams of income for everyone involved. This means…

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We are about to explore the distinctiveness of the metaverse and its connection with web3. Certainly, there have been quite a number of stories around the metaverse, its relevance and its connection with web3, however, this is an interesting article explaining and giving more details about the metaverse. Metaverse is a hypothetical iteration of the internet that is exclusive, versatile and an immersive virtual world, facilitated by virtual reality (VR) and augmented reality (AR), The metaverse is widely hyped as the subsequent stage of the internet that allows human interaction from the real world into virtual worlds. I’d instead call…

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NFTs Nft is a non-fungible token, that might be anything from music to games to videos, minted and sold on a blockchain system. Also, being a blockchain token, the approved currency for its purchase is crypto. Nft is also a unique digital asset that cannot be duplicated or substituted, once an nft goes online it remains online for everyone to see and, purchase if interested while the details or record is stored on the blockchain. Read on NFTMagic. THINGS TO KNOW ABOUT NFTs NOT A REGULAR ARTWORK. Nfts are different from physical artworks drawn with pencil. in the case of …

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What is Decentralised exchange? Decentralised exchange is a peer-to-peer (P2P) marketplace that links cryptocurrency traders and buyers to make exchanges without any intermediary. Decentralised exchange also means an easy payment process where users make transactions without the central authority. Contrarily, Centralised exchange (CEX) can not be operated the same way, in the case of CEX, payment is made within a centralised system and transactions can not be done directly between crypto traders. While centralised exchange is managed by the rules of a financial institution, decentralised exchange is controlled by smart contracts. ADVANTAGES OF DECENTRALISED EXCHANGES Since its inception, DEX has…

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The World has advanced generally but in the case of technology, the advancement has sky-rocketed to a maximum degree. Let me take you back quickly to the time when Artists draw and sell their artworks on the roadsides, moving forward to the same Artists leveraging on social media for the sales of their paintings, then now, it is a lot easier and faster as they sell their arts digitally. The progress went from; create offline, sell offline – create offline, sell online – create online, sell online To explain further on this, Let’s start with BLOCKCHAIN ADVANCEMENT ON ARTS You…

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What is Ignis? Ignis is an essential part of the Ardor platform. It is the main child chain – fully featured and permissionless for everyday transactions with low fees. On the other hand, Ardor is a decentralised blockchain platform that serves as blockchain-as-a-service medium with unique parent-child architecture. That is, Ignis is the main child chain of Ardor and also has a connection with the newly introduced vessel-chain. Vesselchain is a new solution of Ignis public chain developed to solve some problems in the shipping industry. It is inarguably true that the shipping industry has played a vital role in…

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CRYPTOGRAPHY Cryptography is an essential part of cryptocurrency that secures transactions in a way that supports the P2P network. It guarantees security in transactions by creating codes that serve as restricted access for both parties involved. Basically, cryptography uses codes to protect user’s privacy, encrypt algorithm and assure safety on the public network. Modern cryptography does the following; Encryption: Encoding a normal text to an indecipherable string of bits Decryption: Comprehending the encryption and thereby converting it to its initial state of being readable Cipher: The cryptographic algorithm gives the ability to encrypt and decrypt. Here is a detailed illustration…

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The Nigerian Government has filed a lawsuit against Meta Platforms Incorporated, formerly known as Facebook and its agent AT3 Resources over alleged violation of sponsored adverts regulations. The Advertising Practitioners Council of Nigeria (ARCON) now called, The Advertising Regulatory Council of Nigeria (ARCON), recently amended the law monitoring advertisements placements in Nigeria. “All advertisements and sales promotions require pre-exposure vetting before publication/screening. Turn-around time for obtaining approval are 8 hours, 16 hours, 24 hours, 48hours and 2 weeks respectively (conditions apply). It is a sanctionable offence to cause to be aired or published in the print, advertisements which have not…

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On Wednesday, March 9, US president Joe Biden signed an executive order on “ensuring responsible development of digital assets” The order is an indication that crypto is accepted in the county and will be appropriately regulated. For a fact, the united state has shown to responsibly promote technological advances over the years, meanwhile, the present-day financial innovation which includes; cross-border payment and digital currency, safe and affordable financial services is not an exclusion. In his speech, he addressed the pivotal concerns that had to do with accepting this financial innovation. “We must take strong steps to reduce the risks that…

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WHAT IS REKT? When we hear the word “REKT” what comes to our minds has to be “Wrecked” Rekt is a crypto slang with the same meaning and pronunciation as the word “Wrecked”. Both words mean damaged or something that is completely destroyed. Getting rekt means losing one’s assets in the crypto market, this terrific loss may end an individual’s cryptocurrency trading or make them uninterested in crypto. Considering the fact that novices who make the mistake of getting rekt might lose to a large extent, important points have been laid out to prevent this from occurring. Do not put…

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