MagicWorks | Building Blocks

📓 Building Blocks

How to add your wallet to Metamask? What DeFi means, and what are the top NFT DeFi projects? Why are people excited about digital collectibles? 🐈 Is CryptoKitties a cat café? Learn this & more by reading our Building Blocks series.

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September 20, 2022

Breeding CryptoKitties

Players can breed virtual cats, which carry a unique number of 256-bit distinct genomes with DNA and attributes passed down from parent to offspring.

September 13, 2022

The ERC Tokens Standards

Standing for “Ethereum Request for Comment,” the ERC Token Standard is just another name for Smart Contract Standards.

September 6, 2022

Create a MetaMask Wallet?

MetaMask is a free-to-use browser extension and app that enables users to interact with the Ethereum blockchain.

August 30, 2022

What’s a Wallet?

You should consider purchasing a cold wallet when you have more digital assets than you’d be comfortable losing.

August 23, 2022

What’s Proof of Stake?

To avoid fraud, forgers can volunteer in the lucky draw only by staking some of their own cryptocurrency into storage.

August 16, 2022

What’s Proof of Work?

A Consensus Mechanism is needed to ensure undisrupted communication & agreement among the decentralized system’s players.

August 9, 2022

What Are Gas Fees?

The gas fee depends on the demand for resources on the network. The higher the number of users, the higher the gas fee limit.

August 2, 2022

What’s a Smart Contract?

Smart contracts can easily remove the bureaucracy and the unnecessary friction that accompanies economic activities.

July 26, 2022

What’s a Non-fungible Token?

A non-fungible token or NFT refers to a unique digital good that can’t be interchanged or replaced with anything else.