Transactions on blockchain protocols and cryptocurrency exchanges are always vulnerable to hacks and attacks. Since 2011, several incidents of cyber attacks have repeatedly shaken up the world of cryptocurrency. Exchanges were shut down; hundreds of thousands of dollars were lost.…
The founder of Cardano, Charles Hoskinson believes that Ethereum has been quite successful when it comes to smart contracts. However, Hoskinson considers Ethereum as a second-gen blockchain. Hence, he thinks that Ethereum must evolve into a better version of itself.…
A smart contract requires real-world data for execution. So, how does it get real-world data? It leverages decentralized oracle networks to provide data from outside the blockchain. ChainLink provides the decentralized Oracle network required for feeding real-world data to the…
There are two types of crypto exchanges, and these are centralized and decentralized exchanges. Currently, centralized exchanges maintain a significant dominance in the crypto exchange market. Yet, one cannot ignore the growth of decentralized exchanges, popularly known as DEX. In…
Before we dive deep into the topic of decentralized stablecoins, Let’s do a quick recap about stablecoins. So, what exactly is a stablecoin? It is a type of cryptocurrency. But the value of stablecoin is pegged to a fiat sometime…
Yield Farming is the talk of the town in the crypto world for some time now. Did the term “Yield Farming” piqued your interest? No worries if you haven’t heard about it. We will explain everything that is to explain…
Websockets have played a monumental role in real-time internet-based communication. But it wasn’t available a few years ago. So, was it possible to communicate over the internet in real-time before WebSockets? It sure was. But it was a tedious task…
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.…