A Mathematical Introduction to Lattice Cryptography: The Quantum Security Solution
Author: Elson LiuBackgroundQuantum computing continues to develop at a staggering pace. With traditional cryptographic schemes—like RSA and Elliptic Curve Cryptography (ECC)—going bust in the dooming presence of advanced quantum algorithms (i.e. Shor’s algorithm), cryptographers are in urgent need of a quantum resistant solution. One of the most promising candidates is lattice-based cryptography. In this article, we’ll introduce the fundamental concepts of lattice-based cryptography and discu...
A Mathematical Introduction to Lattice Cryptography: The Quantum Security Solution
Author: Elson LiuBackgroundQuantum computing continues to develop at a staggering pace. With traditional cryptographic schemes—like RSA and Elliptic Curve Cryptography (ECC)—going bust in the dooming presence of advanced quantum algorithms (i.e. Shor’s algorithm), cryptographers are in urgent need of a quantum resistant solution. One of the most promising candidates is lattice-based cryptography. In this article, we’ll introduce the fundamental concepts of lattice-based cryptography and discu...
RMMs & Derivatives
Author: Alyssa ChenIntroductionAutomated Market Makers (AMMs) such as Uniswap and PancakeSwap are decentralized exchanges (DEX) that utilize an algorithmic trading rule that determines how two assets are to be exchanged through two users. These AMM-based DEXs operate primarily through liquidity pools, where liquidity providers (LP) deposit assets into the pool and are rewarded with a fraction of the fees generated on the AMM, usually distributed as LP tokens. This practice of depositing asset...
RMMs & Derivatives
Author: Alyssa ChenIntroductionAutomated Market Makers (AMMs) such as Uniswap and PancakeSwap are decentralized exchanges (DEX) that utilize an algorithmic trading rule that determines how two assets are to be exchanged through two users. These AMM-based DEXs operate primarily through liquidity pools, where liquidity providers (LP) deposit assets into the pool and are rewarded with a fraction of the fees generated on the AMM, usually distributed as LP tokens. This practice of depositing asset...
Fundamentals of DeFi: Stablecoins & Lending
Author: Alyssa ChenStablecoinsWhat are stablecoins? Stablecoins are a type of cryptocurrency designed to maintain a stable value relative to a specific asset or basket of assets such as the US dollar, and can be used for various purposes:Facilitate cross-border transactionsReduce transaction feesProvide stable store of value for users who want to avoid the volatility of traditional cryptocurrenciesThere are two main types of stablecoins: Fiat backed stablecoins, and commodity backed stablecoi...
Fundamentals of DeFi: Stablecoins & Lending
Author: Alyssa ChenStablecoinsWhat are stablecoins? Stablecoins are a type of cryptocurrency designed to maintain a stable value relative to a specific asset or basket of assets such as the US dollar, and can be used for various purposes:Facilitate cross-border transactionsReduce transaction feesProvide stable store of value for users who want to avoid the volatility of traditional cryptocurrenciesThere are two main types of stablecoins: Fiat backed stablecoins, and commodity backed stablecoi...
Fundamentals of DeFi: DEX Deep Dive
Author: Alyssa ChenInteracting with DEXsAs we have covered previously in Exchanges & Trading, a smart contract is a piece of code that facilitates the execution of a digital contract. DEXs are built on top of blockchain technology, and orders are processed through smart contracts on the blockchain. Users connect to DEXs using a Web3 wallet (i.e. Metamask, Rainbow, or Coinbase wallet) and orders are matched based on predefined rules executed via the smart contract. The following is an example ...
Fundamentals of DeFi: DEX Deep Dive
Author: Alyssa ChenInteracting with DEXsAs we have covered previously in Exchanges & Trading, a smart contract is a piece of code that facilitates the execution of a digital contract. DEXs are built on top of blockchain technology, and orders are processed through smart contracts on the blockchain. Users connect to DEXs using a Web3 wallet (i.e. Metamask, Rainbow, or Coinbase wallet) and orders are matched based on predefined rules executed via the smart contract. The following is an example ...
Fundamentals of DeFi: Exchanges & Trading
Author: Alyssa ChenWhat are exchanges?A cryptocurrency exchange is a platform that facilitates the exchange of cryptocurrencies for other cryptocurrencies or fiat currencies. They match buyers and sellers and charge fees (specific to the exchange) for their services, and essentially serve as a medium between buyer and seller. There are two main types of exchanges— centralized and decentralized exchanges. Centralized exchanges (CEXs), such as Binance or Coinbase, are operated by a central auth...
Fundamentals of DeFi: Exchanges & Trading
Author: Alyssa ChenWhat are exchanges?A cryptocurrency exchange is a platform that facilitates the exchange of cryptocurrencies for other cryptocurrencies or fiat currencies. They match buyers and sellers and charge fees (specific to the exchange) for their services, and essentially serve as a medium between buyer and seller. There are two main types of exchanges— centralized and decentralized exchanges. Centralized exchanges (CEXs), such as Binance or Coinbase, are operated by a central auth...
