EU’s Smart Contract ‘Kill Switch’ In recent years, smart contracts have gained popularity as a secure and efficient way to execute transactions without the need for intermediaries. However, as with any technology, there are risks involved, and the European Union (EU) has taken steps to mitigate some of these risks. On March 18, 2023, the […]
A Deep Dive Into Uniswap Uniswap is an automated liquidity technique that relies on a fixed product formula. It is executed in the Ethereum blockchain-based system of non-upgradable smart contracts. The following blog provides a deep understanding of the Uniswap platform by providing details about the history of Uniswap, its features, working, and how to […]
Welcome to our Web 3.0 Business Models blog, where we explore the exciting world of decentralized technologies and their potential to transform traditional business models. As we enter the era of Web 3.0, we see a fundamental shift in the way businesses operate, driven by the adoption of blockchain, decentralized finance (DeFi), non-fungible tokens (NFTs), […]
What will happen if zkKYC is applied to DeFi The reluctance from the DeFi industry is high as a KYC by nature is anti-anonymity. Whereas, the regulatory authorities are hoping zkKYC would bring some amount of “control” over the unregulated digital realm of money making. How did DeFi reach here? In the first half of […]
What is an NFT? NFTs, or non-fungible tokens, are a type of digital asset that represents ownership of a unique piece of digital content, such as artwork, music, or video. Unlike fungible tokens such as cryptocurrencies, which are interchangeable and have the same value, each NFT is unique and has its own distinct value. NFTs […]
A General Idea Of DeFi Flash Loans: The DeFi flash loan is an uncollateralized loan where crypto assets can be borrowed without upfront collateral as long as the borrowed assets are returned in a single, instantaneous transaction. In case, the user is unable to repay the loan before the transaction is completed, the smart contract […]
Metaverse is one of the most trending things in the world at this moment. It is successful in creating a stir in the current society. In the Metaverse, users can create their own personalized avatars and explore virtual environments, socialize with other users, attend events, participate in games and other activities, buy and sell virtual […]
“No private key, no crypto” is the statement that users need to understand in the crypto world. In simpler terms, the user needs to know that the holder of the private key will have access to the crypto funds. Earlier, we discussed custodial wallets, where a third-party wallet stores the user’s cryptocurrencies and also holds […]
The single-signature wallets have been very significant for performing frequent and daily transactions; however, they form a single-point failure. Compromising a single signature wallet will require only one private key, where the need for a more secure technology comes into light. To overcome this problem, Multi-Signature Wallets were introduced. The multi-signature wallets not only eliminated […]
