August 2023 – Blockchain Rollups Explained
Introduction Ethereum has become a household term in the world of cryptocurrency and Web3, and for good reason. Following the successful completion of the Merge last year, Ethereum has been actively implementing a series of upgrades. Ethereum’s meteoric rise in popularity can be attributed to its ability to foster the growth of innovative blockchain products,
July 2023 – LayerZero
Introduction Application specific needs has given us a rapid increase in the number of blockchains present in the blockchain industry but making inter-chains transactions has been a long time problem. Each chain is isolated. There have been solutions like using a centralised authority to facilitate the transaction between two chains or a new decentralised chain
June 2023 – Emerging AI
Introduction If you are even the slightest bit of a tech follower, you must have come across the term AI-ML. In Fact you might even know about it. But in this article we are going to be discussing the rapid emergence of Artificial Intelligence and Machine learning capabilities. PwC’s global AI study says that the
May 2023 – opBNB New Layer 2
Introduction The blockchain trilemma (security, decentralisation and scalability) is still the most important question yet to be answered. Companies and communities are coming up with different types of solutions to the problem. In recent days there have been some interesting developments. Binance launched the opBNB Testnet on 19 June 2023. opBNB is Binance’s solution to
April 2023 -The Shanghai Upgrade
INTRODUCTION Ethereum merged with the Beacon chain on September 15th, 2022. This helped Ethereum transition from Proof of work consensus to Proof-of-stake consensus. This makes the ethereum ecosystem environment friendly and sustainable in the long run. The energy consumption by ethereum is reduced by approximately 99.95%. Out of the many things that happened during the
March 2023 – Liquid Staking Derivatives
Introduction The Proof-of-Stake (PoS) mechanism provides a better scaling solution, energy efficiency and increased speed over the earlier Proof-of-work mechanism. PoS requires validators to validate the transactions on the blockchain. To become a validator, one must pledge some cryptocurrency for the vesting period. The validator is then not allowed to take the cryptocurrency out for
February 2023 – RWAs: The Bridge to Crypto for the masses
Introduction DeFi yields have fallen by over US$120B since November 2021, closely correlating with two-year lows in transaction volume and investor participation. To address this, Real World Assets (“RWAs”) are being tokenized and brought on-chain to be used as a source of yield within DeFi. RWAs can represent many different kinds of traditional assets such
January 2023 – Year 2022 in Review
Introduction The crypto market entered a deep bear market in 2022 as global liquidity constricted and the Federal Reserve kept raising interest rates. The market was in a state of upheaval as many projects failed. As a result, governments all over the world started to intervene and control the cryptocurrency sector. To safeguard investors, control
November & December 2022 – The fall of CeFi and the rise of DeFi
Introduction Ever since the emergence of cryptocurrencies and the encompassing ecosystem, there has been a consistent debate regarding the optimal degree of decentralization. Decentralization is among the most fundamental tenets of blockchain technology, but achieving a highly secure and scalable system is difficult as advocated by the blockchain trilemma. Various projects within a similar domain
October 2022 – Welcome to the Metaverse
Introduction to the Metaverse In Oct 2021, Facebook changed its name to Meta Platforms and promised to invest $10 billion in its Reality Labs operation. In Jan 2022, Microsoft made a $69 billion bet with the acquisition of Activision Blizzard. Since then, Metaverse as a keyword on Google searches is used very often, often without
September 2022 – Bridge Attacks
From the conception of Bitcoin in 2009 to the multi-chain environment we observe today, the crypto space has come a long way, and as the industry developed, so did the spectrum of means to exploit it. Every so often, the industry has suffered from major attacks draining the ecosystem of millions of dollars, and in
August 2022 – Web3 Storage
Web3 storage is the next evolution of the storage system – distributed blockchain storage. The evolution of the storage systems started with the development of computers enabled with remote data storage, which later evolved into instant centralized cloud storage. We are currently in times where the next version of the storage systems are being developed
