Blockchain in Supply Chain
Until COVID-19 in 2020, people relied on a two-hour delivery model, but the pandemic disrupted this, exposing delays and loopholes in the supply chain. This highlighted the need for a technology to address these challenges. Blockchain, with its traceability, transparency, and security, became the perfect match. Together, they enable real-time tracking, reduce fraud, ensure authenticity, […]
DeFi Staking Explained: A Beginner’s Guide to Crypto Staking
Imagine putting your money into a savings account in a traditional bank and earning interest from it. Just as you deposit money into a bank account and earn interest over time, in staking, you lock up digital assets to support blockchain network operation and in return earn rewards, akin to interest payments. Similar to a […]
What are Layer 1 and Layer 2? Understanding the Use Cases
Imagine a city’s main road that despite being well-built, becomes congested during peak hours due to the sheer volume of vehicles. To alleviate this issue, the city introduces secondary routes with more lanes that help manage traffic flow more efficiently and reduce the load on the main road. This is akin to Ethereum’s journey: originally […]
Front Running Attacks in Blockchain
Front-running attacks are at the forefront of various types of attacks in the blockchain world. In traditional stock markets, front-running involves intermediaries like brokers or traders using their clients’ trading information against them, a practice that’s illegal, unethical, and hard to prove unless done naively. In decentralized finance, front running refers to a malicious practice […]
Blockchain Security Challenges
Blockchain security is a topic that’s constantly under the spotlight for many reasons, and it often sparks debate. Some experts believe that “Good code keeps bugs away,” meaning that a secure blockchain is built on strong code, while others argue that the human factor is the weakest link in blockchain security. They point out that […]
PayFi and Future of Payments
PayFi? Is it DeFi? Most people tend to use the terms interchangeably whereas PayFi is a domain within DeFi space. PayFi, or payment finance, is an innovative technology that integrates blockchain technology. Payment Finance (PayFi) is a catalyst for real-world impact because it focuses on practical financial solutions. For example, it helps businesses make cross-border […]
How Decentralized Science (DeSci) is Revolutionizing Research
Decentralized Science is not a newly discovered idea rather it existed decades ago. Scientists, researchers and technologists have sought ways to make science more transparent, collaborative, and free from gatekeeping. The only difference between then and now is formalization of the term. The term ‘DeSci’ gained prominence when David Koepsell used it in February 2021 […]
Blockchain Governance 101
Imagine a blockchain court or central authority having the final say in all network decisions. While this might sound efficient, it mirrors the centralized systems we aim to move away from, resembling traditional power structures or online dispute resolution models. Now contrast this with blockchain governance, where stakeholders, including developers, miners, validators, and community members, […]
Liquidity Pools 101: A Beginners Guide
Some blockchain concepts might make you scratch your head unless you practically delve into them. Liquidity pools might sound confusing too, but they’re just a digital pot where you contribute your funds—like a collection of cryptocurrency or tokens locked in a smart contract, used to facilitate trading on decentralized exchanges. In this blog, we have […]
Regenerative Finance (ReFi) 101
ReFi, as the name suggests, is used to describe blockchain projects that are developed in a way that the resources they use are regenerated over time. As Web3 finance use cases continue to evolve, a relatively new concept called Regenerative Finance (ReFi) is gaining notable attention. This concept merges Decentralized Finance (DeFi) with positive socio-economic […]
