Blockchain is commonly associated with Bitcoin and cryptocurrency and while that’s not wrong, there’s a lot more to the tech than digital currency. To get into it, we’re going to break down the three blockchain generations and how the technology is evolving.
The Merge will cast aside the role of crypto miners and gigantic mining farms, who had previously driven the blockchain to now assign the ‘validators’ who randomly approve transactions and earn a small reward.
Our analysis of the dapp adoption in 2022 highlights several key trends in the blockchain ecosystem. One of the most notable is the shift in user behavior from DeFi towards gaming and high-risk dapps. Additionally, we see that NFTs have remained significant, indicating that this sector will continue to expand.