As blockchain technology continues to reshape industries, understanding smart contracts is vital for Web3 enthusiasts. These self-executing contracts run on the blockchain without central oversight, enabling decentralized applications (dApps) and financial systems while ensuring trust and efficiency. This guide introduces the key concepts of smart contracts, including their structure, benefits,
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Decentralized Finance (DeFi) has revolutionized the way we think about financial services, and at the heart of this transformation lies staking. Staking is the most attractive financial solution, with billions of dollars locked in staking contracts. This article delves deep into the world of DeFi staking, offering a comprehensive guide
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Liquidity pools are the backbone of decentralized finance (DeFi), powering everything from token swaps to lending protocols. It’s the technology behind billions of dollars traded on blockchains. Understanding the fundamentals behind liquidity pools and decentralized exchanges (DEXs) is crucial for anyone in the space to understand the essence of
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Proof of Reserves is a verification method that allows cryptocurrency exchanges and other custodial services to publicly show that they hold sufficient assets to cover all user deposits. Learn more with Hacken.
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Who is Lazarus? Discover how North Korea's hacking group uses every malicious tactic to steal your digital assets.
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The blockchain world faces numerous security threats that emerge at an alarming rate and adapt to new and evolving environments. Among these, the honeypot scam is a particularly popular form of fraud. In February 2024, a single cybercriminal executed multiple honeypot scams, successfully stealing approximately $3.2 million from victims.
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Ever since the existence of Bitcoin, a digital innovation world has been enabled, and digital currencies and technological solutions have appeared based on decentralized and peer-to-peer principles. Bitcoin was envisioned for use in payments, but as it grew, issues about scalability also increased to a large extent. Scalability issues in
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The EEA DeFi Risk Assessment Guidelines is a comprehensive list of risks and mitigation strategies for DeFi protocols, developed collaboratively by leaders from Hacken, OpenZeppelin, Consensys, EY, CertiK, Quantstamp, and other key industry players.
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Blockchains have emerged as independent ecosystems of global financial activity. Ensuring the blockchains' availability, validity, and security are the consensus mechanisms that extend to the transactional foundations within the blocks of the blockchain. For PoS, which has become the most popular consensus mechanism, the amount of staked capital is
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The blockchain industry has been grappling with scalability issues, which have hindered widespread adoption due to its technical constraints. As the demand for blockchain, decentralized applications (dApps), and transactions increases, the limitations of existing networks become increasingly apparent. High transaction fees and network congestion have plagued platforms like Ethereum, hampering
The experimental semi-fungible token standard, ERC-404, combines elements from ERC-20 and ERC-721 tokens. Despite rising popularity, it has yet to secure an official Ethereum Improvement Proposal (EIP) designation. However, its unique attributes, such as enabling fractional ownership of NFTs and enhancing liquidity, coupled with the potential for automated NFT minting
Decentralized applications (dApps) are software that run on a decentralized network, often using blockchain technology. These applications can serve various purposes for end users, such as brokers, art collectors, traders, investors, and documents of public trust. However, their functionality and va