Introduction In this blog, we shall discuss another interesting topic in the crypto space called wrapped tokens. We shall understand their need, working principles, advantages, disadvantages, and how they help in the smooth functioning of the DeFi gizmos. What is a Wrapped Token? Wrapped tokens are crypto-assets whose value is pegged to another original cryptocurrency. It…

Introduction In this blog, we shall discuss a technical term frequently used while referring to the blockchain technology, hash functions. We shall go through its definition, working, and importance when it comes to understanding the blockchains and the technology behind them. What is a Hash? A hash can be defined as a mathematical function that…

Introduction In this blog, we shall discuss one of the important topics in the crypto space, crypto synthetics. We shall discuss its relation with derivatives in the traditional finance system, its advantages, and its possible future. What is a Synthetic Asset? In traditional finance, derivatives assets get their values from the underlying asset that they are…

Introduction In this blog, we shall discuss a relatively new but popular concept in the world of NFTs and DeFi, NFT fragmentation. We shall be discussing the principle, working as well as the advantages of fragmenting an NFT into several hundred pieces. What Is NFT Fragmentation? By the process of NFT fragmentation, an ERC-721 token…

Introduction In our previous blogs, you have already come to know about the basics of yield farming. In this blog, we shall take a deeper dive into this topic and discuss some other important factors related to it. What Is Yield Farming? Yield farming is the practice done by cryptocurrency owners to generate more cryptocurrencies…

Introduction The concept of DeFi has become extremely popular in the last few months. Many phases have succeeded the great DeFi summer of 2020. In this blog, we shall discuss the next step in decentralized finance and probably the one which needs your immediate attention — DeFi 2.0. DeFi 1.0 As we already…

Introduction Today we shall discuss a topic very different from what we usually write about in our blog posts. We have already published a blog introducing you to the metaverse and how it will affect our daily lives. …

Introduction In our previous blogs, you have already read about the Proof-of-Work and Proof-of-Stake consensus mechanisms used by different DeFi protocols. In this blog, we shall discuss the concept and working of another such model called the Proof-of-Capacity. Definition Proof-of-Capacity (also known as Proof-of-Storage or Proof-of-Space) is a consensus mechanism algorithm used…

In this blog, we shall learn about the idea behind SegWit and its related topics. If you do regular transactions in Bitcoin, SegWit is a term you would want to be aware of. What is SegWit? A Bitcoin block consists of header and transaction data. It contains all the data necessary to validate…