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Originally published in the NOWNodes blog.

Amrit Kumar, Jia Yaoqi, Max Kantelia, and Prateek Saxena founded Zilliqa in 2016 as the first-ever high-throughput public blockchain able to process thousands of transactions per second. To implement this feature, Zilliqa leverages the principle of sharding: the more expanced the network is, the larger the transaction rates become.

The platform is useful for implementing a lot of blockchain-based facilities including data-driven decentralized applications. Since the development of Zilliqa is based upon the sharding principle, let’s have a deeper look into what a sharded blockchain architecture is all about.

What is Sharding?

Generally, sharding is a database partitioning technique. Blockchain networks often use it to achieve scalability (i.d. allow the networks to process an increased number of transactions at the same time). The smaller partitions in the blockchain network are called shards. It is worth noting that while each shard contains its own data, none of them is dependent on the other ones. …


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Originally published in the NOWNodes blog.

Ethereum 2.0 is an upgrade on the Ethereum blockchain. This upgrade aims to make the existing Ethereum blockchain more scalable, secure, and sustainable. The entire upgrade is scheduled to happen over two years. It is distributed among three phases. The first phase is the launch of the Beacon chain which has already happened. The second phase is scheduled for 2021 when the shard chains will be introduced. In 2022 the upgrade will reach its completion with the merging of the mainnet with the beacon chain. …


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Originally published in the NOWNodes blog.

The Komodo platform, aimed at bringing new standards in cryptocurrency security and anonymity protocols, was founded in September 2016. Headquartered in San Gwann, Malta, the Komodo platform leverages the Zcash Zero-Knowledge proofs to help its users make 100% untraceable transactions. These transactions are protected by Bitcoin’s Petahash Proof of Work mechanism.

Komodo’s Unique Blockchain Platform

The blockchain platform offered by Komodo is open and composable. These fully composable solutions, built on multi-chain designs. It proves beneficial for solo developers, growing startups, and comparatively larger enterprises alike. …


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Originally published in the NOWNodes blog.

Binance smart chain became live on its mainnet on 17th September 2020. It took five months for the smart chain to go live since it was announced in April 2020. Since recently we added support to Binance Smart Chain, we will cover it in our next article.

What is Binance Smart Chain (BSC)?


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Originally published in the NOWNodes blog.

According to market research estimates, blockchain technology will witness astounding growth in its market size in the next five years. Between 2020 and 2025, the global blockchain market size is expected to grow at a rate of 67.3% CAGR to reach US$39.7 billion in 2025 from US$3.0 billion in 2020.

One can reasonably presume that this growth will drive innovation and would also require scaling up of existing platforms. For both of these to happen, the most important role would be that of the developers. …


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After much speculation over the past few years, Ethereum 2.0 is finally on the cusp of getting launched. The final release is expected to happen on the first day of December 2020. On 4th November, the Ethereum foundation made the first version of Eth2 specifications public. As of now, the deposit contract is live. The platform can raise the necessary amount of funds required to trigger staking. Stakers interested to participate in the process can deposit their 32 ETH deposits to the contract.

Before looking into the features and functionalities of Ethereum 2.0 …


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Originally published in the NOWNodes blog.

Monero went through its latest fork on October 17th, 2020. Fork, or hard fork as it was in this case, implies a major network upgrade for the privacy coin. In Monero, these hard forks or network upgrades improve the base protocol and are non-contentious. It means that there will be no splitting and no new creation of a coin.

To be more specific, in this fork, Monero aimed to introduce some new features such as new ring signature construction CLSAG. How this feature would be helpful in the Monero community’s future is something that we will discuss in some time. …


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Originally published in the NOWNodes blog.

NEO is one of the popular blockchain networks that has come out of China. It is well-known for its community-driven approach. NEO is an open blockchain that is aimed at a smarter economy.

Are you wondering why I am talking about Neo in the beginning? It’s because Neo has come out with Flamingo Finance, a DeFi protocol. It was launched on September 20, 2020. We will tell you all about Flamingo Finance in this article. Let’s dive straight into it.

What is Flamingo Finance?

Neo blockchain-powered Flamingo is a full-featured DeFi protocol, and it’s also cross-compatible. …


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Originally published in the NOWNodes blog.

Filecoin, a sub-organization of Protocol Labs, was founded in 2014. The company is headquartered in Palo Alto, California, United States. Founded by Juan Benet, Filecoin serves both as a data-storage network as well as a bitcoin-based electronic currency. Since its launch, Filecoin has been backed by 24 investors. It has raised US$258.2 million to date.

Filecoin’s ICO was one of the most discussed events in the crypto world in 2017. The sales closed in September 2017. It took Filecoin a little over three years to go live. The tokens began their distribution on October 19, 2020. …


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Originally published in the NOWNodes blog.

Polkadot.network was established in 2016 by its founders Gavin Wood and Peter Czaban. It is an open-source project funded by the Web3 Foundation. Web3 Foundation funds research and development projects that intend to build the foundation of the decentralized web. Five teams and over a hundred developers have been commissioned to build Polkadot.

The objective behind developing Polkadot is to deliver the most robust platform for security, scalability, and invention. It is a sharded chain that offers scalability and also the first protocol to provide a secure environment for cross-chain composability.

Polkadot Explained

The initial version of Polkadot was launched on 26th May 2020. However, Polkadot’s launch is a sequence of multiple rollouts happening one after another. Each phase has some specific aims and objectives to meet. Here’s the brief outline of each of these phases below. …

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