Oracles are essential to the functioning of decentralized finance (DeFi) protocols, as they provide reliable data to smart contracts that operate on blockchains. While smart contracts can execute self-enforcing agreements, they are typically limited to data already available on the blockchain. Oracles solve this problem by feeding real-world information, such…
Ethereum Improvement Proposal (EIP) 1559, introduced as part of the London Hard Fork in August 2021, has been one of the most anticipated and significant updates in the Ethereum’s history. The proposal aimed to overhaul Ethereum’s transaction fee mechanism by implementing a more predictable and efficient fee structure. Before EIP-1559,…
Yield farming, also known as liquidity mining, has become one of the most popular strategies in the world of decentralized finance (DeFi). By providing liquidity to decentralized platforms, users can earn rewards in the form of additional cryptocurrency. While yield farming can be lucrative, it is also a complex process…
Privacy coins have emerged as a critical segment within the blockchain ecosystem, providing enhanced anonymity and transaction privacy for users. While Bitcoin and Ethereum offer pseudonymous transactions, privacy coins like Monero, Zcash, and Dash have taken privacy to the next level by enabling confidential transactions and shielded addresses. This post…
Tokenomics refers to the study of the economic models behind the issuance, distribution, and utility of tokens in blockchain ecosystems. A well-designed tokenomics model can significantly contribute to the success and sustainability of a blockchain project. This post will explore the different components of tokenomics, how they influence a project’s…
Cardano (ADA) has faced significant challenges in surpassing the key resistance at the 20-day moving average (MA), even though Bitcoin has experienced a recent rebound. After a recovery from the $2 support level (the 0.618 Fibonacci retracement), ADA briefly surged above the 20-day MA, reaching up to $2.36, which corresponds…
Blockchain interoperability has become one of the most important topics in the cryptocurrency and decentralized finance (DeFi) space. As blockchain networks continue to grow in number and complexity, the need for them to communicate and share information with one another becomes ever more critical. Polkadot and Cosmos are two of…
Cardano (ADA) faced a temporary setback during yesterday’s market downturn, briefly falling below $2, but quickly found its footing as buyers stepped in to maintain support at this crucial price point. Despite experiencing a 10% decrease over the last week, the $2 mark has become an important support level, with…
In recent years, the concept of Decentralized Identity (DID) has gained significant traction as a crucial element of the Web 3.0 and blockchain evolution. Traditional identity management systems are often centralized, relying on organizations or governments to verify and control personal data. With the rise of decentralized systems, the idea…
Ethereum experienced a significant pullback after failing to break above the key resistance at $3350, which is highlighted by the .618 Fibonacci retracement. This level capped Ethereum’s bullish momentum last week. After testing the resistance for the second time, Ethereum lost more than $170 in under 24 hours, breaking below…
XRP has gained considerable traction this week, climbing by 12.5%, as it successfully broke through a bullish flag pattern and surpassed the 2020 highs. This marks an important step in the ongoing price recovery, as XRP continues to show strong bullish potential. Last week, XRP experienced a retracement from the…
Tokenization, the process of converting ownership of real-world assets into blockchain-based tokens, has been gaining momentum as a transformative concept in the financial sector. While the focus has been primarily on cryptocurrencies and decentralized finance (DeFi), tokenizing traditional assets such as real estate, commodities, and even intellectual property is paving…