Read Time: 6 minutes The hacked crypto assets in 2022 are likely to overshoot 2021’s $3.2 billion in stolen funds, states the crypto security firm Chainalysis. Image Source: Chainalysis. Security breaches and code exploits are the centre of interest for attackers trying to steal cryptocurrency. Not to mention that DeFi protocols are making up to be irresistible targets for …
Read Time: 4 minutes New terms are popping out quite fast in a field as innovative as crypto. One gaining a lot of traction is GameFi, a model disrupting the conventional gaming industry. GameFi is blockchain-based monetization of gaming experience, combining cryptocurrencies, DeFi, and play-to-earn NFT crypto game model. Crypto gaming has revolutionized the way games are played and …
How the GameFi Combines Crypto, DeFi and Play-to-Earn Gaming Read More »
Read Time: 4 minutes Blockchain will be a major component of Web3.0, the next generation of the internet. This means that unlike its predecessor Web 2.0, Web 3.0 will be decentralized. Since its introduction, the internet has been of tremendous help in shaping the world at large. Particularly, the internet has been behind the current social media phenomenon. The …
Is SocialFi The Next Buzzword For The Web3.0 Era? Read More »
Read Time: 4 minutes Getting a smart contract audited before launching your DeFi protocol is more than a ritual. The audit is crucial for the safety and eventually, success of the project. To ensure that the audit completes its objective – discovering and plugging the vulnerabilities – you need to work closely with the company you have entrusted with …
7 Biggest Challenges with DeFi Smart Contract Audits Today Read More »
Read Time: 5 minutes In the early days of blockchain, the emphasis was disproportionately on the community and its related skills for creating blockchain networks. However, the introduction of Ethereum fundamentally altered the blockchain landscape by introducing a plethora of new opportunities for creating decentralized apps. Ethereum’s tokenization and smart contract capabilities sparked debate over the future of traditional …
Read Time: 6 minutes From a similitude of an ICO craze, DeFi has grown to over $200 billion, according to DeFi Llama statistics. It expands to various use cases from collateralized lending and savings, including flash loans, derivatives, stable coins, etc. Smart contracts demystified why DeFi can automate and execute transactions within users in a decentralized manner. It is …
Read Time: 7 minutes Of late, with the rapid speed of advancement in technology, NFTs have become a revolutionary trend in the blockchain market. Headlines about NFTs have become commonplace, and it’s clear that this cryptographic asset is here to stay. In March 2021, the NFT of ‘Everydays: The First 5000 Days’, an artwork by the digital artist Beeple, …
4 ways Businesses can use NFTs to drive engagement Read More »
Read Time: 5 minutes When it comes to DeFi, the year 2021 has been a continuation of the last year. DeFi apps and platforms have given a fillip to the prevalent financial system. DeFi graph didn’t take a dip for much of the previous year even while the pandemic was setting in. In February 2021, the TVL (Total Volumes …
Read Time: 6 minutes Imagine a completely automated platform that promises to make payments immensely accessible to anyone around the world, irrespective of geographical restrictions. Decentralized Finance takes this promise a step ahead. With just a smartphone and an Internet connection, you can perform any financial activity using DeFi with more efficiency and security than the conventional methods. The …
Read Time: 5 minutes Ever since their introduction, cryptocurrencies have attracted the eyes of investors and hucksters alike. Though the crypto space is characterized by some institutional investors and thin liquidity, it is also rife with scammers. The nature of scams on crypto networks has also paralleled their infrastructure development. Since blockchains were new and primitive, the illicit activities …
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