DeFi & Protocols

How to program payment channels

In the world of blockchain and decentralized finance, the need for efficient, low-cost, and fast transactions is ever-growing. Ethereum, a popular blockchain, while secure, faces challenges with transaction fees and latency, especially for micropayments. This has led to the development of payment channels, an innovative solution to address these issues and facilitate off-chain transactions. So,

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MetaMask Snaps: a game-changing feature for crypto applications

MetaMask has unveiled the latest addition to its wallet, ‘Snaps’- a feature that allows developers to build a variety of extensions, adding new features to the app. Think of it like Google Chrome extensions, but for the metamask wallet. The Basics of Snaps Snaps plays a big part in MetaMask’s vision for optimal decentralized functionality. Snaps operates in a

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The problems with Smart Contracts

Smart Contract: “An automatically executed transaction protocol capable of controlling, documenting, and performing certain actions in accordance with the contract conditions.” A brief recap of Smart Contracts Unlike a conventional contract drawn up by a company, bank, or lawyer that is backed by some form of legal obligation, a smart contract requires none of these.

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The Lightning Network: enabling instant and cheap Bitcoin transactions

To understand the Bitcoin Lightning Network – commonly referred to as LN (Lightning Network) – you first need to understand what Bitcoin itself is. Everyone knows that Bitcoin is a so-called “cryptocurrency,” which essentially means decentralized digital money that’s cryptographically secured. This “decentralized” quality of Bitcoin is actually one of its finest qualities and why it has

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A Dive into Crypto Protocols

Being around the crypto space, you would likely have heard the term Protocol from time to time. Protocols are a core piece of the internet from Simple Mail Transfer Protocol(SMTP), to HyperText Transfer Protocol Secure (HTTPS) and many more, but today we’re talking specifically about protocols in the context of crypto. So what is a crypto protocol? “A Crypto Protocol

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