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Showing posts from November, 2022

NEAR NFT Marketplace Development: A Detailed Guide

NEAR NFT Marketplace Development: A Detailed Guide  The world is drifting towards blockchain and its applications, such as NFT. It is nearly impossible for a single network to stand against the mass adoption of the technology and its applications. Thus, many blockchain networks with high performance are emerging at full speed. This is where we see the evolution of the NEAR protocol. In its early days only, the protocol caught the attention of big companies and professionals. The protocol has become significant in developing NFT, NFT marketplaces, and decentralized applications.  In this article, we will primarily focus on the protocol and what benefits it provides for developing the NEAR NFT marketplace .  What is NEAR blockchain?  NEAR protocol is a layer-1 blockchain crafted to develop highly scalable decentralized applications. Based on sharding and Nightstand mechanisms, NEAR has the efficiency of processing approximately 100,000 transactions per second which is quite a huge number

A Complete Guide to Solana NFT Marketplace Development

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A Complete Guide to Solana NFT Marketplace Development  Non-Fungible Tokens, or NFTs, are exploding in popularity. Even though Ethereum-based NFT marketplaces have widely captured the market, many other feature-packed blockchain networks having such marketplaces are popping up. This is mainly because the NFT explosion is huge and has spread across the world. As a result, an efficient NFT marketplace where all these digital assets can be stored, bought, sold, and traded is necessary.  Solana is a blockchain gaining lot of attention lately. Although the network is still in its early days of development, it has become popular among companies and developers, especially when it comes to NFT marketplace development. Unlike other networks charging high fees for developing NFT marketplaces, Solana NFT marketplace is paving new ways to earn marginal profits with the right monetization strategies.  This article will focus exclusively on the Solana NFT marketplace and how to develop one. Let us g

How to build a Solana smart contract?

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How to build a Solana smart contract? One of the blockchain ecosystems that is developing the quickest is Solana, which was built to support the development of frequency-focused dApps. Solana, one of the quickest blockchains, challenges the decentralized space by spanning over 400 web3, DeFi, and NFT projects. To achieve high scalability and speed, it introduces the Proof-of-History (PoH) consensus algorithm. In terms of network throughput, data processing speed, and scalability, Solana also holds the top spot. Let's now examine what makes the Solana smart contract architecture special. The architecture of the Solana smart contract Compared to standard EVM-enabled blockchains, Solana features a radically different smart contract approach. The conventional EVM-based smart contract models incorporate state, code, and logic into a single contract before deploying it on the blockchain network. In contrast to the conventional smart contract model, the Solana smart contract just contains

How to choose a blockchain app development company

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As we all know, the blockchain era is about to begin. It has brought about a revolution by providing the business sector with a wide range of chances to improve efficiency and scale expansion. Many people initially thought that creating blockchain apps was just a flimsy trend. However, as technology advanced, several companies began integrating blockchain into their daily operations. Blockchain has revolutionized numerous sectors, including finance, gambling, healthcare, and others. It has also made it possible for transactions to be secure and decentralized. Businesses are contacting blockchain development businesses in huge numbers to automate their business processes. For them, it's crucial to consider numerous factors when evaluating the Blockchain business. Let's look at the requirements that each blockchain development business should meet before you make a choice. The finest blockchain development business should meet certain criteria. For the following reasons, anyone c

Stablecoins development solutions

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Because of their extreme volatility, cryptocurrencies have a poor reputation. Bitcoin's price increased from $5,000 to $30,000 in Q1 2020 as a result of exceptional institutional demand. Although this is encouraging for adoption and speculation, it has prevented cryptocurrencies like bitcoin from becoming a common form of payment. Nobody wants to pay more for a volatile asset like bitcoin or Ethereum since those prices could rise. Stablecoins development solutions are less volatile cryptocurrencies linked to assets like the US dollar. Stablecoins were initially made popular by cryptocurrency traders as a way to swiftly leave volatile cryptocurrencies without having to convert back to fiat. Stablecoins can handle e-commerce, back-end banking, and credit cards. News reports state that stablecoins enjoyed a boost in popularity in the second half of 2020, despite the fact that they are still not widely used. Describe a stablecoin. A stablecoin is a cryptocurrency whose value is linked