The blind signing scam continues to be a significant issue in decentralized finance today. This type of scam involves fraudsters crafting misleading smart contracts to take assets from users’ crypto wallets. But what exactly does blind signing mean, and what steps can you take to protect yourself from these scams? Smart contracts Vs. blind signatures
Shamir backup, or SLIP39, is a solid security standard that tackles the two biggest risks when it comes to safeguarding your wallet backup (recovery seed): theft and loss. Understanding about Shamir backup Your wallet backup is crucial for your digital assets. If you lose it, you could lose access to your crypto for good. To
Imagine if starting a startup were as simple as posting once on social media and receiving funding from individuals globally. That’s the goal of Internet Capital Market and ICM tokens. ICMs have streamlined the journey of transforming ideas into digital assets on the blockchain. How Internet Capital Market Works ICMs leverage blockchain technology to simplify
Actively Validated Services (AVS) are basically a system that keeps an eye on services or transactions all the time, making sure they’re checked and confirmed by a group of validators to maintain their integrity, security, and accuracy. When it comes to blockchain, these validators are usually nodes or participants in the network tasked with the
Return on investment (ROI) is a method to gauge how well an investment is performing. It can also be utilized to compare various investments. There are several methods to calculate returns, and we’ll discuss a few of them in the upcoming chapter. For now, just know that ROI looks at the gains or losses in
Zero-knowledge succinct non-interactive argument of knowledge (zk-SNARK) is a unique kind of zero-knowledge proof that enables the verification of a statement without disclosing any details about the statement itself. Understanding about zk-SNARK Zcash is one of the first projects to utilize zk-SNARKs. Unlike other privacy-focused projects such as Monero, which use ring signatures and various
zk-STARK is short for “zero-knowledge scalable transparent argument of knowledge.” It was developed by Eli-Ben Sasson, a professor at the Technion-Israel Institute of Technology. Understanding about zk-STARK zk-STARK stands for “zero-knowledge scalable transparent argument of knowledge.” It was developed by Eli-Ben Sasson, a professor at the Technion-Israel Institute of Technology. Unlike zk-SNARKs, which need a
Zk-rollup is a layer-2 scaling solution aimed at boosting the transaction capacity of blockchain networks while keeping security intact. It works by grouping or “rolling up” numerous off-chain transactions into one single transaction, which is then verified and logged on the main chain. This process significantly cuts down the data that needs to be stored
Keeta is a Delegated Proof of Stake (dPoS) blockchain that uses a Directed Acyclic Graph (DAG) data structure. DAGs are a breakthrough seen in other high-performance blockchains like Sonic (previously known as Fantom), Avalanche, and Sui. These DAGs enhance the speed of parallel transaction processing and boost overall blockchain performance, indicating that Keeta can compete
The Financial Action Task Force (FATF) is an international body that establishes worldwide standards to fight against money laundering, terrorist financing, and various financial crimes. Established in 1989, FATF is essential in influencing regulations for the global financial landscape—including the fast-evolving cryptocurrency sector. With the rise in popularity of digital assets, FATF has broadened its