Web3 wallets are essential to interact with dApps, store digital assets, and trade and exchange cryptocurrencies. But can one wallet do it all? Or do we need more? How many types of wallets exist? Let’s take a look at them and see their features. Well, Web3 wallets can be classified into many types. What are …
In computer science, a framework is a set of pre-written code or libraries that provides a standard way of building and organizing applications. A framework includes a cohort of tools, software components, and guidelines that help developers create software applications more efficiently. Frameworks provide efficiency by abstracting away low-level details and providing higher-level abstractions. Further, …
What is a Framework? And what are Web3 Frameworks? Read More »
In computer science, “oracle” refers to a program or system that can answer questions in a specific domain. For example, in software testing, an “oracle” may be a reference implementation or a set of expected outputs that can verify the correctness of a program. Oracles in Blockchain Technology In blockchain technology, an oracle is a …
The DeFi world is booming, with multiple cryptocurrencies everywhere. Where does anyone store their digital money and assets? That’s right, in their digital wallets. So, imagine if your DeFi wallet could now store multiple NFTs. Or your seed phrase in your wallet got lost. Or what if you could automate transactions from your wallet like …
Imagine if Web 3.0 of metaverse met Web3 of blockchain technology. How can metaverse and blockchain technology benefit from each other? What are some advantages and what are some challenges that the metaverse and blockchain technology would face? Well, sit back and join the readers who ponder the same.
Introduction to a Merkle Tree in Blockchain Technology A Merkle Tree is a data structure used in blockchain technology to verify the integrity of large data sets efficiently. In a Merkle Tree, data is organized into a tree structure. Here, each leaf node represents a specific piece of data (such as a transaction in a …
In our previous blog post, we saw the need for Web3 wallets. In this blog, we’re going to look at how a Web3 wallet functions and its uses. Functioning of Web3 Wallet Web3 Wallet Creation The first step is to create a Web3 wallet, which can be done through various providers such as Metamask, MyEtherWallet, …
Have you noticed how a transaction ID comes post a successful transaction? Great! That’s what a nonce does but before the transaction takes place. So let’s see what’s a nonce in Web3 and how it helps blockchain technology.
I understand you’re eager to read this, but to talk about the most prominent hacks on Web3 since 2016 is an extensive list. It’s an extensive list of ~50 hacks in approximately 100 months. That’s a lot of Web3 hacks, close to 1 every 45 days on average. So, we’ll be viewing this in 4 …
Web3 Hacks: The Biggest and Prominent Web3 Hacks Since 2016 Read More »
Web3 is an idea of the new internet. A decentral and open place for the web to coexist securely. But are we really secure when everything is transparent? Let’s discover the various hacks and how cryptography helps strengthen the internet.