Do gadgets need evolution as the internet evolves? Web 3.0 The evolving internet, Web 3.0, is an environment expected to change the concept of how users utilise and consume information. Web 3.0 technologies include blockchain, smart contracts, and cryptocurrencies and will entirely change user experience. The main objective of Web 3.0 is to make the […]
Overview of Web3.0 security – Q2 2022 Recently, the Beosin organisation published its 2022 Quarter-2 Web 3.0 Security report. The report comprised of the latest hacks and exploits that affected the blockchain. Nearly $178 Million were compromised due to Web 3.0 related schemes. It was reported that April month was most active in terms of […]
Insight of Web 3.0 technology stack The technology stack of Web 3.0 comprises of a decentralised network that is highly user-centric. Web 3.0 is based on a peer-to-peer network in which no single authority has control. No centralised servers are present and information is distributed among users’ devices. Web 3.0 tends to provide back individual […]
The future of finance: Web 3.0 The requirement for Web 3.0 decentralised finance was planted during the year 2008 when the world experienced a financial meltdown that lasted nearly two years. The financial crisis resulted in an increase in unemployment, a decrease in institutional trust, suicides, and much more. It started with the collapse of […]
IS Web 3.0 possible without blockchain? The answer is a big YES. People have a lot of misconceptions about Web 3.0; however, they should know that Web 3.0 isn’t all about blockchain. The blockchain is a type of data structure in the backend that offers several features like consensus, decentralisation, and distributed ledger, which is […]
How will DeFi reduce economic inequality? It cannot be fate that the experts from fundamentally disparate economies acknowledge the revolutionary force that Decentralized Finance is, on the very same day. The economy today, and since forever has favored the wealthy to build their wealth and penalized the financially strained for being so. Decentralized Finance is […]
What are flash loans? Flash loans are uncollateralized loans that have been introduced via decentralized finance which originally strives to make traditional financial instruments available over the distributed, permissionless, and trustless blockchain network. In 2019 a risk-free borrowing mechanism was introduced by Marble Protocol, on the Ethereum blockchain which was called a “smart bank”. The […]
How can DeFi drive Financial Inclusion? Decentralized finance aims to deliver traditional financial instruments without interference from intermediaries or controlling authorities. It leverages blockchain technology which entails reduced costs and lowered entry barriers. This results in opening doors for the financially marginalized to participate in the new-age economy As per World Bank, 1.4 billion adults […]
Can Tokenless Voting Resolve On-Chain Governance Concerns? The mechanism of implementing and managing the updates to a blockchain protocol, to propel its evolution and ensure sustenance in the competitive digital space is called governance. Previously, this decision-making was controlled by the few developers who used methods such as social platforms, word say, offline voting, blogs, […]
