The overall Web3 industry witnessed a bunch of ups and downs in the year of 2023 – but in the midst of all the turmoil, it did manage to attract more attention and recorded a boom. The number of unique active wallets (UAW) that interacted with Web3 spiked by 124 percent in 2023, as per … Read more
Cardano, the decentralised and eco-friendly blockchain, is getting closer towards its milestone upgrade called ‘Chang’. This upgrade will add the element of ‘decentralised governance’ to the Cardano blockchain. Since being launched in 2017, Cardano has been aiming at becoming the most preferred development platform for decentralised applications (dApps). Its native cryptocurrency, ADA, presently holds the … Read more
The Cardano blockchain team is actively working toward self-sustainability. Recently, Cardano completed its Chang upgrade, propelling the network into the era of decentralized governance. Now, ADA token holders can actively participate in electing representatives and contribute to development discussions. The Chang hardfork was implemented on block 10,764,778, according to reports. Essentially, Chang upgrade’s completion is … Read more
The decentralized finance (DeFi) sector aims to remove intermediaries like central banks and brokers from financial transactions, focusing mainly on crypto-based services. In this article, we’ll explore liquidity pools, often described as the driving force behind the smooth operation of DeFi protocols. Liquidity pools allow users to quickly convert assets into cash, accelerating transaction processes … Read more
Nearly four months after a hack resulted in losses exceeding $230 million (around Rs. 1,900 crore), WazirX is still focused on restructuring its finances and finalising its operational roadmap. In a virtual town hall held this week, founder Nischal Shetty revealed plans to launch a decentralised exchange (DEX) alongside the existing WazirX platform. Shetty noted … Read more
As blockchains receive continuous fine-tuning and improvements, developers are identifying crucial issues that are restricting the advances in interoperability and scalability of the technology. One such issue is called ‘blockchain fragmentation’. As the term suggests, it refers to a situation where the ecosystem of a blockchain is divided into multiple smaller on-chain networks, each facilitating … Read more