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Is Blockchain’s Carbon Footprint Worth It? – PoW Explained

Those who are familiar with the terms Proof of Work (PoW) and Proof of Stake (PoS) might be quick to write off PoW in favor of new and shiny PoS. But, before we jump to conclusions, let’s explore the original blockchain consensus mechanism in depth. Some investors believe that despite being the

Date

07/03/2022

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Staking Crypto: How it Works, Benefits, and Risks

If you’re a crypto investor, you’ve probably heard about staking. If you’re not, it’s about time you learned about it, because it really is a great way to put your cryptocurrency to work and earn rewards. In this article, we’ll explain why it is and how it works.  Staking

Date

02/03/2022

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Ethereum Gas Fees Explained

When talking about gas fees, contrary to what you might think, there is no connection between crypto gas fees and liquid fuel consumption. What we’re talking about here is the reward miners receive for executing transactions and putting them on the blockchain.  As per previously stated

Date

03/02/2022

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The Revolutionary Potential of Blockchain

Blockchain is a word that is occasionally thrown around in conversation, especially those surrounding cryptocurrencies. But what exactly is a blockchain and how does it work?  Welcome to Magic Square blog crypto 101. Here you’ll find the tools you need to navigate the decentralized world of

Date

13/01/2022

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Why Mass Blockchain Adoption is Around the Corner

As legend has it, the bitcoin whitepaper was published by the anonymous Satoshi Nakomoto. Since this pivotal event, blockchain has been in the backdrop of collective digital awareness, and recently, has attained widespread attention. If you ask people off the street in any given country, they’ll

Date

16/12/2021

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The Problem with Blockchain and How We’re Fixing It

Crypto, at the moment, is a fragmented system that simply grows more divided as more coins, tokens, apps, services, DeFi, GameFi, NFTs enter the scene with hardly anything to unite them all aside from a common form of technology, namely, blockchain, and a few exchanges where you can trade coins.

Date

25/11/2021

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We Give Devs the Tools to Create Applications that are Truly Decentralized

When it comes to crypto, we hear the word “dapp” thrown around, but what are decentralized applications? And how “decentralized” are they in reality?  For an app to be considered decentralized a few things need to be true: Protocol changes must be determined by user network

Date

18/11/2021

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The Problem With Web2.0 – Why Web3 Is Emerging

Web2.0 is the second version of the internet and the digital era that we are living in right now. Before Web2.0 there was Web1.0, which was essentially a read-only platform for users to consume information and send emails. Web1.0 lasted from around 1993-2005. In 2006, companies like youtube

Date

11/11/2021

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The First Crypto App Store is Changing the Web 3.0 Game, Here’s How

You may have heard the term Web3.0 tossed around in conversation — “the future of the internet”, “a democratic vision!” But what exactly is this new vision of the internet and how will it affect users and developers? Why are we pioneering web3.0? Web3.0 is indeed a

Date

11/11/2021

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How We’re Securing the Web3 Space – Magic Community

As the cryptocurrency market grows, so does the rate of malicious activity. Scammers are taking full advantage of the cryptocurrency market, trying to trick you out of your money. How do you know if a currency or crypto app is legitimate or reputable? How do you know if it is useful or secure? You

Date

04/11/2021

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How We’re Creating Blockchain Interoperability With SSI

Blockchain interoperability is the reality where blockchains work together as seamlessly as a Samsung phone sending a text message to an iPhone – the fact that these devices are powered by Android and Apple respectively is completely irrelevant to the transfer of information between them.

Date

27/10/2021

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Your Guide to Blockchain Interoperability

When you send an email from a Gmail to a Yahoo address or a message from an iPhone to a Chromebook, there is a mysterious force enabling this incredible feat which we all take for granted. Meet interoperability, the invisible integrator that allows our digital world to function. Interoperability is

Date

25/10/2021

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