Securing ICP Canisters: Key Findings and Best Practices
Introduction to ICP Canisters Security Audit The Internet Computer Protocol (ICP) is a third-generation blockchain that offers decentralized computation and scalable storage, enabling smart contracts, or “ICP canisters,” to operate with near-native performance. These canisters combine code and state, allowing developers to build highly scalable and interoperable Web3 services. However, while ICP opens new avenues […]
zkVM vs zkEVM: Comparison and Differences
With the current landscape of smart contract execution, the Dapps are getting more and more complex in terms of their functionality. These complex applications require a high cost of online verification. Therefore the community has started to shift their focus towards zero-knowledge proofs. This means any DeFi logic that gets computationally expensive can utilize these […]
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 […]
Onchain vs Offchain Transactions: A Beginner’s Guide
Transactions are the fundamental operations that allow the transfer of value between parties within a cryptocurrency network. The rise of cryptocurrencies has brought about a revolution in the way transactions are conducted and recorded. At the core of this revolution are two types of transactions: Onchain and Offchain. Understanding these concepts is essential for anyone […]
What is the Arbitrum Bridge and How to Use it?
The Arbitrum Bridge acts as a secure gateway between the Ethereum mainnet (Layer 1) and the Arbitrum network (Layer 2). It allows users to transfer assets, like Ether (ETH) and ERC-20 tokens, between these two layers. The world of blockchain is brimming with innovation. However, different blockchains, while powerful, can sometimes operate in isolation due […]
Custodial vs Non-Custodial Wallets: What’s the Difference?
In this article, we will explore the two primary types of Web3 wallets: custodial and noncustodial, examining their features, advantages, disadvantages, and the scenarios in which they are most useful. The advent of Web3 has revolutionized how we interact with the internet, placing a strong emphasis on decentralization and user control. At the heart of […]
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 […]
How Gas Works in Blockchain?
Gas on a blockchain network like Ethereum refers to the unit of measurement for the computational effort required to execute specific actions. It’s not a cryptocurrency itself, but rather a way to quantify the resources needed to process a transaction. Imagine a busy highway where cars (transactions) compete for a limited number of lanes. […]
What is DePIN in Crypto?
Imagine a world where your spare computer power or that old unused cellphone tower could earn you money! DePIN is kind of like that. It’s a system where people like you and me can contribute physical stuff we have lying around – data storage space, processing power, even sensors or internet connectivity – to create […]
Advantages and Disadvantages of Smart Contracts in Blockchain Technology
Smart contracts play a pivotal role in setting the foundation of blockchain technology, heralding a new era of automated transactions that are secure, transparent, and efficient. However, like any technology, they come with their own set of challenges and limitations. This article aims to shed light on the advantages and disadvantages of smart contracts, supported […]