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 […]
Top 10 Smart Contract Vulnerabilities List By BlockApex
In the ever-evolving landscape of blockchain technology, smart contracts have revolutionized how transactions and agreements are executed. However, their potential is matched by their vulnerabilities. While offering unparalleled benefits, smart contracts’ immutability and decentralized nature also make them prime targets for exploitation. Understanding and addressing these smart contract vulnerabilities cannot be overstated, as they can […]
What Is Account Abstraction & Why Is It Important?
Account abstraction aims is to abstract away the distinction between externally owned accounts (EOAs) and smart contracts. The idea of account abstraction is to enable smart contracts to control funds directly, rather than having to be called by external accounts to make changes to the blockchain state. This can lead to more flexibility in how […]
Top Industry Leading Smart Contract Auditing Tools
Smart contracts are the backbone of the blockchain ecosystem, powering decentralized applications (DApps) and handling transactions worth millions of dollars. However, with their immense power comes significant vulnerability. Code errors, logic flaws, and security breaches in smart contracts can result in devastating financial losses and irreparable reputational damage. In 2023 alone, Web3 businesses lost nearly […]
