What is a blockchain oracle and how does it work? A blockchain oracle is a third-party service or software that provides off-chain data to a blockchain smart contract. The decentralized web3 ecosystem requires access to existing legacy systems, advanced computations, and data sources. Decentralized oracle networks facilitate the creation of hybrid smart contracts. Hybrid smart […]
What is Shanghai’s hard fork on Ethereum? On April 12, 2023, Ethereum will undergo its first major upgrade, also called a Shanghai’s hard fork, since September when it switched to a proof-of-stake system. Ethereum’s upcoming “Shanghai” upgrade will allow validators to withdraw 16 million staked ether (ETH) once it is complete. So, what exactly Shanghai’s […]
How to Launch your own successful NFT Project? NFTs have all eyes set upon them for a good reason. NFTs took the world by storm in 2021 for their unique way of interacting with digital content and assets. There are several trends and advancements to be on the lookout for as we anticipate the future […]
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 […]
