RedStone: The Modular Oracle
IntroductionBlockchain oracles have become an increasingly important component of decentralized finance (DeFi) protocols, allowing smart contracts to interact with data and external systems beyond the blockchain. Oracles act as intermediaries between off-chain data sources and on-chain smart contracts, providing reliable and timely data to inform smart contract execution. However, the existing oracle systems have limitations, such as the requirement for continuous on-chain data delivery, limi...
RedStone: The Modular Oracle
IntroductionBlockchain oracles have become an increasingly important component of decentralized finance (DeFi) protocols, allowing smart contracts to interact with data and external systems beyond the blockchain. Oracles act as intermediaries between off-chain data sources and on-chain smart contracts, providing reliable and timely data to inform smart contract execution. However, the existing oracle systems have limitations, such as the requirement for continuous on-chain data delivery, limi...
Cardano: The ADA Universe
Layer-1 PlatformsCryptocurrencies and blockchain technology have evolved significantly since the advent of Bitcoin in 2009. The technology underlying cryptocurrencies and blockchain has grown and matured, giving rise to various types of blockchain platforms, including layer-1 platforms. A crucial component of the blockchain ecosystem is layer-1 platforms, which serve as the foundation of the technology. These platforms are responsible for providing the fundamental functionalities that enable ...
Cardano: The ADA Universe
Layer-1 PlatformsCryptocurrencies and blockchain technology have evolved significantly since the advent of Bitcoin in 2009. The technology underlying cryptocurrencies and blockchain has grown and matured, giving rise to various types of blockchain platforms, including layer-1 platforms. A crucial component of the blockchain ecosystem is layer-1 platforms, which serve as the foundation of the technology. These platforms are responsible for providing the fundamental functionalities that enable ...
Arweave: The Permanent Data Storage
Permanent Cloud StorageIn today's digital age, cloud storage has become an essential aspect of our daily lives. With the increasing amount of data that we generate and need to store, the traditional means of data storage, such as physical hard drives or flash drives, are becoming less practical. Cloud storage offers a more convenient and accessible solution, allowing users to store their data on remote servers that they can access from anywhere, at any time, as long as they have an inter...
Arweave: The Permanent Data Storage
Permanent Cloud StorageIn today's digital age, cloud storage has become an essential aspect of our daily lives. With the increasing amount of data that we generate and need to store, the traditional means of data storage, such as physical hard drives or flash drives, are becoming less practical. Cloud storage offers a more convenient and accessible solution, allowing users to store their data on remote servers that they can access from anywhere, at any time, as long as they have an inter...
Venom: Future Layer-0
Let’s start with the concept of layer-0 blockchain before anything else.Layer-0Layer-0 (L0) blockchain is a concept that Cosmos Network introduced to the world. This concept brings the idea of interoperability to the blockchain and cryptocurrency world. As a very brief review, let me describe L0s. A layer-0 blockchain is a blockchain that can connect many layer-1 (L1) blockchains and let them communicate. These blockchains, unlike L1s, don’t accept “smart contracts,” directly. They create an ...
Venom: Future Layer-0
Let’s start with the concept of layer-0 blockchain before anything else.Layer-0Layer-0 (L0) blockchain is a concept that Cosmos Network introduced to the world. This concept brings the idea of interoperability to the blockchain and cryptocurrency world. As a very brief review, let me describe L0s. A layer-0 blockchain is a blockchain that can connect many layer-1 (L1) blockchains and let them communicate. These blockchains, unlike L1s, don’t accept “smart contracts,” directly. They create an ...
The Dunning-Kruger Effect
Source of Image: slidemodel.comThe graph above shows confidence against competence/knowledge (source: slidemodel.com). It shows that someone’s confidence does not grow as his/her competence grows. When learning a new subject, most people’s (everyone’s) confidence about that subject grows to the highest levels with relatively no knowledge. At this peak, people overestimate their abilities. They think they know everything about the matter at hand and can do anything they want. At this level, th...
The Dunning-Kruger Effect
Source of Image: slidemodel.comThe graph above shows confidence against competence/knowledge (source: slidemodel.com). It shows that someone’s confidence does not grow as his/her competence grows. When learning a new subject, most people’s (everyone’s) confidence about that subject grows to the highest levels with relatively no knowledge. At this peak, people overestimate their abilities. They think they know everything about the matter at hand and can do anything they want. At this level, th...
