The DeFi ecosystem has long promised users enhanced security and the freedom to participate in various financial activities without the intervention of external authorities, such as banks. However, recent concerns about vulnerabilities within DeFi protocols threaten to undermine these promises. One particular vulnerability that has garnered significant attention is Miner ...
DeFi (Decentralized Finance) is all about allowing more people to participate in the financial system. It achieves this by harnessing the security, immutability, and transparency of blockchain technology. It offers benefits such as reduced transaction costs, speedy resolution of fund transfers, and permissionless, secure fund management. Despite the numerous concerns ...
Ethereum’s ultimate goal is to evolve into a network capable of handling substantial transaction volumes and hosting real-world applications while overcoming the challenges posed by the blockchain trilemma. The network’s transition to a Proof-of-Stake (PoS) consensus mechanism during the Merge is a significant stride towards this utopia of attaining full ...
The year 2023 has already witnessed remarkable airdrops by projects like Arbitrum and Space ID, extending generous rewards to their early adopters. Space ID rewarded users who purchased an "id.bnb" or "id.arb" domain with ID tokens worth at least $50. The beauty of this? The average cost to purchase these ...
Many people end up losing their cryptocurrency investments because they depend too much on advice from others or free trading signals they find online. While seeking guidance is important, it's better not to be overly reliant on external financial advice. Instead of putting all your trust in outside sources, it's ...
Wash trading is a deceptive practice that aims to create artificial trading activities to mimic genuine market conditions. Its goal is to make it seem like there's a flurry of trading happening, fooling regular traders into thinking the market is bustling. Those who engage in wash trading could be external ...
Digital currencies emerged as an alternative to traditional fiat, with the goal of exploring new financial opportunities, lowering transaction costs, and promoting financial inclusion. However, early forms of digital currencies, like e-gold, faced challenges in solving the double-spending problem, rendering them impractical for everyday use. The double-spending problem arises from ...
In today's digital age, keeping your hard-earned money safe is an essential life skill. There are some basic safety principles that you are probably already familiar with and apply in traditional finance. Would you, for example, give your bank login information to just anyone? You're always careful not to conduct ...
As Ethereum expanded and onboarded a massive number of users, the need to handle a higher volume of transactions while maintaining efficiency became a pressing concern. The current transaction throughput of the Ethereum often leads to network congestion, a stiff blow to user experience. To address this scalability challenge, developers ...
Clearpool has taken a significant step towards becoming a multichain protocol with faster transactions by integrating Polygon zkEVM, a zero-knowledge scaling solution, into its platform. The newly implemented integration allows Clearpool to efficiently segment yields and risks, catering to a diverse range of users with the provision of two distinct ...
