Day: 18 August 2021

Out of many popular blockchains out there, Algorand is a new one that was made available to the public in 2019. Its underlying principle is focused on solving the blockchain trilemma, which is decentralization, security, and scalability. It is not news that older blockchains tend to sacrifice one aspect for ...

Ethereum Classic bears some resemblance to Bitcoin Cash, a hard fork of Bitcoin. Like its counterpart, Ethereum Classic was birthed as a result of different schools of thought of the community members.  It was 2016, and an app on the Ethereum blockchain had suffered a massive hack, which changed the ...

Tron started as an ERC20 token based on the Ethereum blockchain and changed in 2018 when it migrated to its own blockchain. At the moment, Tron is a blockchain like Ethereum that is dedicated to solving issues noticed in the latter. It is not news that many blockchains that came ...

For decades, humans have been starved for options when it comes to availing of financial services. With DeFi, this comes to an end. While DeFi doesn’t remove the existing system, it offers users of financial services an improved and transparent version of traditional finance. DeFi projects aim to provide similar ...

Imagine if you could skip the headache of dealing with complicated property purchases and endless paperwork by just clicking a few buttons. Or picture this: sending money across borders in real-time, without those annoying 5-11% extra charges and the agonizing wait of up to 10 days that old-fashioned financial systems ...

The largest hack in the history of DeFi has hit cross-chain protocol Poly Network, a development that has seen the firm lose $612 million in multiple cryptocurrencies. “We are sorry to announce that #PolyNetwork was attacked on @BinanceChain @ethereum and @0xPolygon,” Poly Network tweeted, asking for help, saying, “We call ...

The Poly Network hacker has now returned $258 million to the cross-chain DeFi protocol, also noting that the attack could have been way bigger. Announcing the massive hack, Poly Network tweeted, “We are sorry to announce that Poly Network was attacked,” explained that the hacker was able to access funds ...