cryptolaza

Have you ever thought about where do the NFTs in a wallet go if the owner dies?– For your information, a blockchain wallet is inaccessible without a private key. Now, guess what?– The wallet owner is the only person who knows the seed phrase. So, if he dies, then nobody will be able to access the assets present in the wallet.  Luckily, this isn’t the case anymore! A new system has been discovered to make it technically possible to automate an NFT transfer even after the owner dies. Smart contracts are the key players in this process. So, this kind of complicated operation will require the assistance of a well-experienced Smart contract development services offering enterprise.  What Was The Case So Far? Generally, if an NFT trader dies, his digital collectibles will be gone eternally, except if they have activated any asset handover plan. It is quite challenging to make this process successful due to several legal complications and restrictions. This is why lawyers believe that it wil

  Blockchain technology has transformed the way we record and share data, and smart contracts took this process one step further by facilitating self-executing agreements with pre-defined terms and conditions. Smart contracts are an emerging technology that is growing at a quick pace, and we are now all ready to enter the upcoming Smart Contract 2.0 Era. In this blog, we will discuss how smart contracts 2.0 differ from the previous prototypes and what they mean in the future of blockchain technology.  First thing first, what is Smart Contract 2.0? Smart contract 2.0 is the next-gen smart contract built atop the foundation of blockchain technology. These contracts are more complicated and sophisticated to work with than their predecessors. They have improved functionalities and abilities, making them efficient, secure, and robust.  Smart contracts 2.0 utilizes the assistance of several cutting-edge technologies such as IoT, Artificial Intelligence, and Oracle. You can develop these adva

  Copy trading is what we already know, but what is mirror trading? Mirror trading is not a crypto trading strategy like arbitration. This marketing technique has been here since the early 2000s for stock markets. Generally, mirror trading is the process of automatically copying the trading strategies of expert traders and strategy makers. Let us talk more in detail about mirror trading and how Automated trading bot development will impact them.  What is Mirror Trading? Basically, a trader can choose a strategy based on their profitability, risk, and the success rate of the trader who uses it. By doing this, the lack of experience of a trader gets compensated by replicating an already existing successful strategy. When mirror trading entered the market, it earned a good impression and popularity among audiences. So, the emerging cryptocurrency market also adopted it in addition to several other features of conventional trading.  Mirror trading is in the form of social crypto trading pl

It is so obvious that blockchain has generated many revenue-yielding products for technology buffs. Also, its popularity is branching across different industries. Among them, gaming is one of the best platforms that has utilized blockchain competently. Blockchain-based games would be the first choice for game lovers because they can both have fun and earn by playing.  Play-To-Earn (P2E): Earn While You Play P2E helps gamers to earn six digits from the platform. Yes, this is undoubtedly an evolving trend in the gaming industry. Followed by the massive hit of Play-to-Earn games, another competitive concept emerged called Play-to-Own. With constant innovation in this space, developing a game with the help of a skilled Smart contract development company will be the best way to take a competitive advantage.  Play To Earn And Play To Own - Explanations Play to earn is very useful for gamers as it helps to earn real cash. It is not the case in traditional games because they only provide fun

You would have heard about the biggest event that happened in the blockchain world on September 15, 2022. Do you have any idea what it is? Yeah, you thought it right! It’s Ethereum Merge. This merge is a transition from the traditional Proof-Of-Work consensus method to a more energy-efficient Proof-of-Stake algorithm. With this update, Ethereum's Beacon Chain, the newest proof-of-stake consensus layer, will merge with the Mainnet, the current execution layer. Are you looking for an expert team to develop smart contracts as in Ethereum Merge? Reach out to the leading smart contract development company for better guidance and affordable services.  It is time to explore Ethereum Merge in detail. Come, let’s dive in! Benefits Of Ethereum Merge The Ethereum Merge has several benefits for the entire Ethereum ecosystem. This includes energy efficiency, scalability, and new use cases for Ethereum.  The switch from Proof-of-Work to the Proof-of-Stake algorithm results in a 99.95% reduction

Do you agree that Account Abstraction will spark and encourage the mass adoption of blockchain? Even if you don’t, that’s what industry experts anticipate. So far, smart contracts are the most significant entities that exist in the crypto industry. Let us dive deeper into this blog to learn more about account abstraction in detail.  Account Abstraction - A New Paradigm Account Abstraction, some people name it “Smart Account, ” which indeed is an emerging brand new paradigm. Using ERC-4337 is a cultural reset that facilitates programmable blockchain accounts. This paradigm redirects user authentication to smart contracts, allowing the wallet developers to decide how they like to authenticate the users. With this, the developers will have more freedom in the network, which is a revolutionary step.   What Is The Need For ERC-4337 Standard? If you take Ethereum as an example, it offers two types of accounts– smart contract accounts and Externally Owned Accounts (EOA). The latter type works

While Web3 talks are still roaming around, the popularity of this technology is growing every day. The global healthcare market in the Metaverse will rise to 48.3% CAGR by 2030. Statistics show that the majority of businesses have started investing in this technology, highlighting the reality that the Web3 platform still possesses some unexplored potential that you can take advantage of.  How to grab your chance here? It is feasible only when you launch your Web3 platform with the help of a blockchain smart contracts development services offering company. In this blog, we will talk about the progressive effect of Web3 in the healthcare industry.  Let us start from the basics! If you are a beginner, then you must know the meaning of Web3 in the first place.  This advanced form of the internet is distributed, yet it provides complete control to users over their assets and data. Using Web3, we can overcome the shortcomings of the existing Web2 internet, such as data piracy, censorship, an