BlogHide Resteemswewake (27)in smartcontract • 2 years agoReal life example of smart contractLet's say you want to purchase a property from someone, but you want to ensure that the transaction is secure and transparent. Instead of relying solely on traditional legal contracts and…wewake (27)in eth • 2 years agoWhat is Ethereum Virtual Machine?The Ethereum Virtual Machine (EVM) is a key component of the Ethereum blockchain platform. It is a virtual machine that runs on every node participating in the Ethereum network. The EVM executes…wewake (27)in blockchain • 2 years agoSome Layer 2 blockchain for ETHSure! Here are some Layer 2 solutions for Ethereum (ETH): Polygon (formerly Matic Network): Polygon is a Layer 2 scaling solution that offers various scalability solutions, including its own PoS…wewake (27)in web3 • 2 years agoWhat is Web 3.0?Web 3.0, also known as the decentralized web, refers to the next generation of the internet that is envisioned to be more open, transparent, and user-centric compared to the current web (Web 2.0).…wewake (27)in blockchaininformation • 2 years agoCan there be multiple Layer2 networks for one Layer 1 network?Yes, it is possible to have multiple Layer 2 networks connected to a single Layer 1 network. This allows for a diverse ecosystem of Layer 2 solutions that can cater to different use cases…wewake (27)in blockchaininformation • 2 years agoIf I send 1 ETH and during congestion, will the ETH be sent via Layer2 network?No, if you send 1 ETH on the Ethereum network, it will be processed and settled on the Ethereum mainnet (Layer 1). Polygon (formerly Matic Network) is a Layer 2 solution that operates as a separate…wewake (27)in blockchain • 2 years agoHow does Layer 2 blockchain work?Imagine you have a busy restaurant where customers place their orders at the counter, and the kitchen prepares the food. However, sometimes the kitchen gets overwhelmed and the food takes a long…