Everything You Need To Know About Ethereum Name Service (ENS)
Everything You Need To Know About Ethereum Name Service (ENS) Summary: Ethereum Name Service (ENS) is a decentralized and open-source technology built on the Ethereum blockchain ENS provides a mapping system between human-readable domain names and Ethereum addresses, making it easier for users to access and interact with decentralized applications and smart contracts ENS operates…
China Launches Smart-Contract Functionality on Digital Yuan Through E-Commerce App Meituan
The digital yuan (eCNY), the central bank’s digital currency, has undergone updates that give it smart contract capabilities and some recently disclosed use scenarios. As per a January 17 statement by regional bitcoin media site 8btc, the Meituan app, a Chinese app that offers retail and food delivery services, has started using smart contracts. A…
A Beginner’s Guide to a Smart Contract Security Audit
The smart contracts in a project may undergo a thorough examination as part of a security assessment. These secure the money placed in them. In most cases, smart contract auditors will evaluate the code and generate a report that the project may use. After that, a final report is made public, including any faults that…
Cardano enjoys all-time high network activity
Thriving as a top-tier blockchain ecosystem, Cardano is fast approaching the maximum limit of its processing capacity as the network activity increases on the decentralized channel. While sustaining a constant value of more than 90% blockchain overload for eight days in a stretch, the Cardano blockchain has emerged as a strong player in the market….
What is an NFT marketplace and How Do You Create Your Own?
Non-Fungible Token or NFT marketplace is a marketplace that functions as a public Blockchain platform. However, this platform is gaining traction and driving developers and businesses to construct a marketplace, despite being in its nascent stage. Online marketplaces for digital assets are the recent talk of the fintech town. But, of course, you have to…
Know Everything about Crypto Liquidity Pools
Crypto Liquidity Pools are an essential part of the DeFi ecosystem. These pools are a collection of tokens or digital assets stored in a smart contract. These pools, among other things, help to facilitate decentralized trading and reduce the danger of washout. The core technology behind the current DeFi ecosystem is liquidity pools. They…
Difference Disclosed: ERC20 Vs. ERC721
Ethereum tokens gained popularity in 2016 and 2017 as Initial Coin Offerings or ICOs began to use them to represent ownership or value. However, the main aim of deploying Ethereum tokens was to represent in-game assets in 2017, such as in the popular game CryptoKitties. One of the most prominent aspects of tokens is their trading…
Decentralization Finance (DeFi): Digging into the Blockchain Frontier
Decentralized finance (DeFi) is a subset of the cryptocurrency trading business focussing on decentralized financial services. It includes several developer-created financial services accessible by all. DeFi solutions and centralized solutions differ in various aspects. The most important characteristic is that decentralized solutions are governed and controlled by a group of participants via decentralized networks. As…
How decentralized exchanges and aggregators drive DeFi growth
Decentralized exchanges (DEXs) are currently gaining a lot of attention, a part of Decentralized Finance (DeFi). The worldwide market capitalization of cryptocurrencies reached a new all-time high in 2021. In addition, new blockchain trends, such as Non-Fungible Tokens (NFTs), are propelling cryptocurrencies to the forefront of blockchain news. DeFi is constantly garnering attention and rising…
DeFi literacy: Universities initiate education on Decentralized Finance (DeFi)
Decentralized Finance or commonly known as DeFi has become one of the most rapidly expanding sectors within the blockchain and crypto ecosystem. According to recent data, the TVL or total value locked in all the DeFi protocols is estimated to be around a staggering amount of $130 billion. TVL is a rather important metric, because…
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