Category: Learn
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From Mt. Gox to FTX: A Decade of CeFi Hacks, Part II
This content provides an overview and timeline of various significant cryptocurrency exchange and CeFi hacks and breaches from May 2016 to September 2018, detailing the methods of attack, the amount stolen, and the aftermath of each incident. Here is a summarized overview: Details of CeFi hacks Events Gatecoin, a crypto exchange located in Hong Kong,…
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From Mt. Gox to FTX: A Decade of CeFi Hacks, Part I
In the rapidly evolving landscape of digital finance, Centralized Finance (CeFi) platforms have been both a boon and a bane. While they have democratized access to financial services and assets, they have also become hotbeds for security vulnerabilities, attracting hackers and cybercriminals like moths to a flame. The title “From Mt. Gox to FTX: A…
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What is bitcoin and how does it work?
In the rapidly evolving landscape of modern finance, Bitcoin has emerged as a groundbreaking digital asset that challenges traditional notions of currency and investment. Born from the ingenious mind of an anonymous creator, Satoshi Nakamoto, Bitcoin represents a seismic shift in how we perceive and utilize money. This decentralized digital currency has captured the imagination…
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Crypto Wallet: Your Key to Securely Managing Digital Assets
In the rapidly evolving world of cryptocurrencies, the importance of secure and user-friendly crypto wallets cannot be overstated. These digital tools serve as the gatekeepers to your virtual riches, allowing you to store, send, and receive cryptocurrencies safely. In this comprehensive guide, we will dive deep into the world of crypto wallet, exploring their types,…
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Decentralized Finance: 4 Challenges to Consider
A world without banks could be possible through decentralized finance (DeFi), a market worth $77 billion that offers a more efficient alternative to traditional banking. In DeFi, transactions are executed automatically, and people can trade directly with each other through blockchain-based smart contracts, without the need for intermediaries like big banks. MIT Sloan finance professor…
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Blockchain Oracles and their Problems
The inability of smart contracts to access external data has been a significant limitation in the implementation of blockchain technology in various industries. Oracle has emerged as a solution to this problem, serving as an interface that delivers external data to smart contracts. The type of data delivered by an oracle can vary depending on…
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What is Decentralized Exchange(DEX)?
Decentralized exchange (DEX) has emerged as a groundbreaking innovation in the world of cryptocurrencies. This platform is challenging the traditional centralized exchanges by offering a new way to trade digital assets, emphasizing security, transparency, and user control. In this comprehensive article, we will delve into the world of decentralized exchanges, exploring their technology, advantages, challenges,…
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What are Bitcoin Mixers?
Money laundering, the process of disguising the origins of illegally obtained funds, has undergone significant transformations in the digital age, particularly with the advent of cryptocurrencies like Bitcoin. In response to increased scrutiny from regulators and law enforcement, users have turned to Bitcoin mixers as a means to enhance financial privacy and anonymity. These mixers,…
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Optimistic Rollups vs. ZK-Rollups: What’s the difference?
The Ethereum network has been a pioneer in the world of decentralized applications (dApps) and smart contracts. However, as the network has grown in popularity, it has faced significant scalability issues. Slow transaction times and high fees have become a bottleneck for developers and users alike. To address these challenges, various Layer 2 scaling solutions…
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What is a DAO crypto?
The use of blockchain-based technologies has become prevalent in various applications that are closely related to our daily lives. These include cryptocurrencies, tokenomics, business applications, Internet-of-Things (IoT) applications, and more. One such application that is growing rapidly and attracting significant attention from academia and governments worldwide is the Decentralized Autonomous Organization. While DAO has presented…