The effects of blockchain technology are far-reaching, facilitating the development of new features for different industries. For instance, supply chains benefit from blockchain technology in improved tracking, reduced profitability of counterfeit markets, proffering visibility to the manufacturing sector, incorporating...
Mining is essential for Proof-of-Work (PoW) cryptocurrencies since these blockchain networks rely on miners to execute transactions and maintain network security. Miners are given puzzles to solve, and the first to come up with the correct solution receive coins...
One of the primary goals of the NEAR Foundation is to build a network that allows people to take control of their data, finances, and governance tools. In the world of Web 3, this concept can be summed up...
Unlike bitcoin, which can be sold almost immediately, the NFT industry is more liquid. It can take months for someone to buy another user’s NFT. This challenge brings about the need for financial instruments in the NFT industry. Also,...
In recent times, new technologies have been developed to improve the operations of companies and benefit individuals. The world has witnessed the coming of Virtual Reality, Augmented Reality, the Internet of Things, Artificial Intelligence, Blockchain technology, and now the...
Decentralized Finance can take many forms, such as decentralized lending, decentralized exchanges, decentralized insurance, etc. DeFi insurance is the process of obtaining insurance coverage against losses in the decentralized finance space for oneself or a DeFi protocol. As a...
The need for blockchain interoperability is growing in tandem with the demand for various blockchain-based Web 3 technologies. Cross-chain bridge services have made this feature readily available, allowing users to interact with multiple blockchains from a single point. Immutable...
Recently, news of some Solana wallets being exploited and their owners losing their funds has permeated the crypto space. About $4.1 million worth of tokens were stolen from thousands of Solana wallets. At the time of the hack, there...
The crypto market is going through a rough patch, largely attributable to the bear market and Terra's crash, which has had a negative domino effect. Three Arrows Capital was once considered one of the most prominent hedge funds in...
The massive adoption of cryptocurrencies and blockchain technology has brought about lots of benefits and challenges. Blockchain technology has improved productivity and business efficiency through decentralization. Cryptocurrencies have also facilitated significant transformations in the financial industry. However, an increase...
