At TeraBlock, it has been our enduring commitment to help users discover the expansive crypto-landscape. While we seek to provide a simplified user experience, our vision goes beyond the development of a trading platform meant merely for the sale and purchase of crypto assets. With the collaborative effort of our team, we are steadily moving towards a truly decentralized and multi-function trading ecosystem.
Deployment of Updated Smart Contracts on ETH and BSC:
In keeping with our ongoing effort, we have deployed updated smart contracts on both the Binance Smart Chain (BSC) and the Ethereum chain (ETH).
NFT has become one of the hottest crypto terms of 2021. The NFT market sold $2.5 billion worth of NFTs in the first half of 2021 alone.
Several brands, artists & creators jumped on the trend and launched their own NFTs, selling them for thousands if not millions of dollars. The NFT holds a lot of promise in the near future.
NFT stands for non-fungible token. These are unique crypto assets that can represent any virtual or real-world entity like art, music, in-game items, videos, even a house, a car, or a tweet.
Like cryptocurrencies, NFT also uses blockchain technology…
Binance is the leading centralized cryptocurrency exchange in the world. The Binance Chain, which is the native blockchain network of Binance, was launched in 2019. It is optimized for fast transactions, but it does not have the functionality to support smart contracts and dApps like other blockchains.
Binance introduced Binance Smart Chain (BSC) in 2020, which aims to provide the platform for creating smart contracts and infrastructure to develop dApps at a low cost and high speed.
Binance Smart Chain is a blockchain network built to support smart contracts on the Binance platform. …
Crypto mining is the process of creating new coins of a cryptocurrency by verifying transactions on the blockchain.
In the traditional banking system, the Federal Bank prints fiat currencies like USD to maintain money flow. Centralized authorities like governments and banks are responsible for distributing the newly minted fiat into the market.
However, since cryptocurrencies are decentralized, no central authority maintains a ledger and creates new coins for distribution. Instead, they use a distributed ledger called “blockchain” to manage transactions and “mining” to mint new coins by verifying their authenticity.
The contributors on the blockchain network follow a set of…
A traditional contract is an oral or written agreement with a set of conditions. These contracts require third parties such as the bank or a notary to act as middlemen for the contract’s fulfillment.
While this system has been in use for many years, it has flaws. For instance, a simple transaction can take 2–3 days to complete due to human interventions. Moreover, if some conflict occurs, it takes plenty of time and resources to resolve.
With the emergence of blockchain technology, a new possibility for such contracts has been introduced. It is more trustworthy and eliminates third parties to…
Cryptocurrencies are decentralized, meaning they don’t use third parties to validate transactions happening on their blockchain network. Instead, cryptocurrencies use consensus algorithms to confirm transactions.
Consensus algorithms are a set of agreed rules that decide how a transaction is validated on a blockchain network. The two most common consensus algorithms in use are proof-of-work and proof-of-stake.
In this article, we are going to explain both of these algorithms.
In proof-of-work, nodes on the blockchain network solve a cryptographic mathematical equation to find a transaction’s hash value. …
Launched in 2009, Bitcoin is still the world’s largest cryptocurrency in terms of market capitalization and has generated a lot of buzz in recent times. But what is Bitcoin, and where did it come from?
To understand Bitcoin, let’s first understand how the money we use works today. Our traditional currency is called “fiat” and is backed by the government by what is known as “legal tender.” Money derives its value from a central authority — in this case, from governments. Without a centralized authority, you cannot control the supply of money.
Today, we mainly use credit cards, PayPal, wire…
Here’s what you need to know about the TBC token Burn event
Driven by our vision to cultivate a radically transparent and non-restrictive trading ecosystem, our team at TeraBlock is continuously engaged in developing innovative solutions to meet the needs of the dynamic market.
Even as crypto trade gains momentum from an increasingly favorable global climate and swelling investor confidence, the space is still exceedingly nascent. Crypto commerce is powered by mechanisms that run on open-source protocols making them vulnerable to manipulations by cyber-offenders.
“The recent Chainswap exploit is a hapless reminder of the vulnerabilities of this incipient industry.”
Before we understand how blockchain technology works, let’s first understand the problem it aims to solve. How do we know if something is fake or real in today’s world? For example, how do we know that a dollar bill is authentic or counterfeit? How do we determine that a vote in any election is genuine?
The answer is, we keep a record. For instance, each dollar bill has a serial number that the Federal Bank records. Voting documents track who has voted and who hasn’t yet. It also ensures that the same person won’t vote twice.
Whenever you need to…
Currencies have always been important in our lives. It proceeded through various revisions over time, eventually evolving into the versions we have today. We currently have paper money, coins, digital wallets, and credit and debit cards. The system is centralized and regulated by authorities, which restricts how it operates. It is controlled and regulated by banks and governments, which limits its functionality. The current system has many faults, and cryptocurrencies aim to provide a solution.
A cryptocurrency is digital or virtual money that functions similarly to traditional currency but is not physically present. …