TECH Study

What is Smart Contract ?

WHAT IS SMART CONTRACT ? A smart contract is a self-executing, code-based agreement that automatically enforces, verifies, or facilitates the negotiation of a contract’s terms and conditions when predefined conditions are met. Smart contracts are typically built on blockchain technology and eliminate the need for intermediaries in various transactions, such as in cryptocurrency, supply chain […]

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What is DeFi ?

WHAT IS DEFI ? Decentralized finance, often abbreviated as DeFi, is a financial system built on blockchain technology that aims to provide open and permissionless access to a wide range of financial services. It operates without traditional intermediaries such as banks, brokers, or insurance companies. Instead, DeFi relies on smart contracts and decentralized applications (DApps)

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What is Web 3.0 ?

WHAT IS WEB ? The term “web” commonly refers to the World Wide Web, which is a system of interconnected documents and resources, linked together via hyperlinks and accessible through the internet. It is a major component of the internet and is used for sharing information and resources in a user-friendly, graphical format. TYPES OF

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What is GameFi ?

GAME-FI What is GameFi? GameFi is a market segment within the decentralized finance (DeFi) ecosystem that combines blockchain technology with elements of game theory to increase interest in a particular blockchain project and deepen users’ relationship with a specific cryptocurrency. How GameFi works? GameFi platforms are supported by smart contracts that automatically execute specific actions

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What is blockchain?

BLOCKCHAIN Introduction : Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, and land) or intangible (intellectual property, patents, copyrights, branding). Virtually anything of value can be tracked and traded on a blockchain network, reducing

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What is Biometric ?

BIOMETRICS Biometrics is the measurement and statistical analysis of people’s unique physical and behavioral characteristics. The technology is mainly used for identification and access control or for identifying individuals who are under surveillance. The basic premise of biometric authentication is that every person can be accurately identified by intrinsic physical or behavioral traits. The term

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