Introduction Decentralized applications leveraged blockchain technology to change the way users interact with app functionalities. Using the decentralized nature of blockchain, dApps introduce users to a peer-to-peer network, eliminating the need for intermediaries and reducing the time required to transact. Also, the security and integrity of decentralized applications are preserved
Introduction Back in 2022, Chainanalysis reported that over $2 billion had been exploited by attackers on over thirteen DeFi protocols; these include over $570 Million stolen on Binance, $600 from a bridge protocol behind the popular gamefi project, Axie Infinity, and over $35 million from the Wormhole network. The repetition
Introducing blockchain to elevate our financial systems drives passion and high expectations. Over time, this system has proven efficient by removing reliance on intermediaries in several industries, improving transparency, and eliminating coerced trust. Hence, blockchain is not simply a tech tool for decentralized finance; it has witnessed adoption in notable
Introduction The growth of decentralized finance and the use of blockchain in other spaces amplify the demand for an efficient and scalable blockchain. While Layer 1 blockchains offer users a secure and decentralized way of performing transactions, storing data (using decentralized data management tools like The Graph), and exploring the
A Altcoin: Used to describe cryptocurrency other than Bitcoin. These include digital assets like Ethereum, Solana, Pol (ex-Matic), and ARB. Airdrop: One of the most popular terms in the cryptocurrency space. Cryptocurrency projects use it to gain visibility for new tokens by giving out the tokens to eligible participants. Usually,
Introduction The advent of web3 is not an attempt to create another internet; instead, it is one dedicated to enhancing the internet's efficiency through innovative development. At the forefront of this movement is The Graph, a web3 infrastructure designed to empower decentralized application developers with data management and data retrieval.
Introduction When regular traders initiate transactions on the blockchain, they hardly wonder what happens afterward. Transactions on blockchains are facilitated in seconds, which makes asking such questions unnecessary; however, this makes transactions susceptible to unfair trading practices like Maximal Extractable Value (MEV), also known as an invisible tax. Even advanced
TL;DR This article compares the two types of Rollups - Optimistic and zk Rollups. While Optimistic Rollups ensure the scalability of blockchains by rolling up transactions, allowing swift submission, and validating before finalizing the transactions, zk Rollup comfirms the validity of every rollup transaction at the point of submission,
Introduction In the ever-evolving world of cryptocurrency and blockchain, notable innovations often focused on improving blockchain security and enhancing earning opportunities for investors. Restaking is an approach that fulfills the investors' need for high returns while improving the utility of cryptocurrency assets. While many are still skeptical about giving this
It is no news that cryptocurrency offers an extensive earning mechanism that allows market participants to earn rewards on their crypto assets. While users can earn rewards by actively participating in cryptocurrency trading, airdrops and other investment options, the crypto space also features an attractive passive earning mechanism like yield
Introduction While the invention of blockchains like Ethereum and Bitcoin introduced the idea of decentralization, what truly maintains it is the presence of infrastructure that goes beyond the traditional need for decentralized finance to capture the ultimate need for latency, fast throughput, and accessibility. As a web3 developer, your ability