DeFi Security: The Major Challenges and Solution
Decentralized Finance (DeFi) represents a radical shift in the financial landscape by utilizing blockchain technology to offer financial services without traditional intermediaries like banks. The growth of DeFi has been remarkable, with the total value locked in these systems soaring about $700 million two years ago to reach an all time high, $179 billion by […]
Flash Loan Attacks: Risks and Prevention
The term “flash loan attacks” has likely flashed across your screen at least once by now, as these attacks have become increasingly notorious. A flash loan attack can drain millions of dollars from decentralized vaults in a single transaction, drawing heightened attention from players in the Decentralized Finance (DeFi) space. As the name suggests, flash […]
Black Box VS White Box Penetration Testing
Various penetration testing mechanisms are used in the cybersecurity space, particularly in ethical hacking and for software testing. Amongst them, black box and white box penetration testing are the most widely recognized. Penetration testing or, pen testing is a security exercise where a cyber-security expert attempts to find and exploit vulnerabilities in a computer […]
Top 5 Real-World Smart Contract Use Cases
Smart contracts are transforming the digital world. Their use cases range from simple digital handshakes to borrowing millions of dollars in flash loans with no collateral, illustrating the scope of what was once beyond our imagination. The futuristic approach to smart contracts is rooted in their nature as self-executing pieces of code that fulfill the […]
Smart Contract Cash Flow: Maximizing Efficiency and Returns
Smart contracts may be an oxymoron and are not necessarily ‘smart’. Their functionality depends entirely on the quality of the data they receive and the code that governs them. Like a smartphone or smart TV, which simplifies tasks but is not really ‘intelligent’, these contracts automate transactions based on predefined rules. Their effectiveness depends on […]
AML in Crypto vs Traditional Banking: An In-Depth Look
Key Takeaways: Money laundering involves three stages: introducing illicit money (placement), obscuring its origins (layering), and making it appear legitimate (integration). Common laundering methods include using small transactions to avoid detection, employing mules to move money, exploiting casinos, using cryptocurrencies for anonymous transactions, blending illicit funds in cash-intensive businesses, buying valuable commodities, and operating shell […]
Push the Button (PTB) Case Study
Push the Button (PTB) is all about turning a simple action into an exciting game. Designed for fans of both web3 and web2 games, PTB offers addictive gameplay where players can earn rewards, complete challenges, and dive into thrilling game modes. With two core game modes and a variety of events, PTB ensures that every […]
Smart Contract Audit Cost: Comprehensive Breakdown
As blockchain technology advances rapidly, smart contracts are garnering significant attention. These self-executing pieces of code are revolutionizing the digital world, with applications spanning finance, IoT, supply chains, and entertainment. The potential for smart contracts is immense, evidenced by the projected growth of the global smart contracts market from $2.14 billion in 2024 to $12.55 […]
What are Smart Contract Wallets? A Beginner’s Guide
On March 1st, 2023, the Ethereum Foundation successfully launched the ERC-4337 account abstraction. This development fueled excitement around the potential of smart contract wallets. However, as news emanated, leading providers of existing smart contract wallet solutions were quick to highlight that such technologies were not entirely new to the blockchain ecosystem. So, what sets […]
The Rise of Blockchain Operating Systems
Blockchain Operating Systems are capitalizing on trend momentum, and are making the possibility of replacing traditional operating systems that run on centralized processors a reality in near future. While the concept might seem abstract at first glance, as blockchain becomes more integrated towards infrastructure, well-known operating systems like Windows, and Linux could face competition from […]
