Aztec: The Scalable Privacy Layer for Ethereum
Blockchains are transparent by default, and as a result, lack privacy. When a transaction occurs on the blockchain, the involved address’ wallet balance, tokens, NFTs and interactions with other addresses, contracts and the exact amounts they have ever transacted with are open for anyone to see, and despite the pseudo-anonymity of public addresses, they can, with some level of probabilistic certainty, be linked back to the identities of their individual owners. If the rate of adoption for blo...
Aztec: The Scalable Privacy Layer for Ethereum
Blockchains are transparent by default, and as a result, lack privacy. When a transaction occurs on the blockchain, the involved address’ wallet balance, tokens, NFTs and interactions with other addresses, contracts and the exact amounts they have ever transacted with are open for anyone to see, and despite the pseudo-anonymity of public addresses, they can, with some level of probabilistic certainty, be linked back to the identities of their individual owners. If the rate of adoption for blo...
Centralization Vulnerabilities in Crypto Infrastructure
Decentralization is one of the main selling points crypto has to offer, but few talk about (or turn a blind eye to) the fact that a large portion of the space, infrastructure in particular, is centralized or relies on centralized services.Essentially how a dApp communicates with a blockchainA dApp that wants to communicate with an external blockchain network (Ethereum) would need something called Remote Procedure Call (RPC) Nodes. The process goes like this: The dApp sends RPC requests to the...
Centralization Vulnerabilities in Crypto Infrastructure
Decentralization is one of the main selling points crypto has to offer, but few talk about (or turn a blind eye to) the fact that a large portion of the space, infrastructure in particular, is centralized or relies on centralized services.Essentially how a dApp communicates with a blockchainA dApp that wants to communicate with an external blockchain network (Ethereum) would need something called Remote Procedure Call (RPC) Nodes. The process goes like this: The dApp sends RPC requests to the...
Drift Protocol: An Overview
Perpetual swaps are the most popular and most traded product in all of crypto. Currently, the most liquid perpetual swap contracts are hosted by centralized exchanges. Ironic given the supposed decentralization aspect of the space. Add to that the conflict of interest where centralized exchanges could be and have been suspected of frontrunning their own users’ bids, manipulating trading data, suspending withdrawals, initializing liquidation wicks and spoofing bids. With this in mind, decentra...
Drift Protocol: An Overview
Perpetual swaps are the most popular and most traded product in all of crypto. Currently, the most liquid perpetual swap contracts are hosted by centralized exchanges. Ironic given the supposed decentralization aspect of the space. Add to that the conflict of interest where centralized exchanges could be and have been suspected of frontrunning their own users’ bids, manipulating trading data, suspending withdrawals, initializing liquidation wicks and spoofing bids. With this in mind, decentra...
Modular Application-Specific Blockchains
The majority of Decentralized Applications available today are built with smart contracts deployed on top of existing blockchains (Ethereum, Avalanche, Solana, etc.). Smart contracts built on the same blockchains would then be part of a shared environment. In this article I want to touch up on why this can be better improved upon.ShortcomingsBuilding complex decentralized applications using smart contracts deployed on top of existing blockchains isn’t perfect, and could even be considered as ...
Modular Application-Specific Blockchains
The majority of Decentralized Applications available today are built with smart contracts deployed on top of existing blockchains (Ethereum, Avalanche, Solana, etc.). Smart contracts built on the same blockchains would then be part of a shared environment. In this article I want to touch up on why this can be better improved upon.ShortcomingsBuilding complex decentralized applications using smart contracts deployed on top of existing blockchains isn’t perfect, and could even be considered as ...
Celestia: A New Paradigm in Blockchain Scalability
Every blockchain has to perform 3 core functions; consensus, execution and data availability.Consensus is how everyone in the network agrees on what transactions have happened and in what order, thus ordering the transactions into a history of events.Execution is the interpretation of those transactions. Determining what transactions are valid and how they impact and update the state. A state or state transition is something that occurs each time a block is accepted in the blockchain.Data ava...
Celestia: A New Paradigm in Blockchain Scalability
Every blockchain has to perform 3 core functions; consensus, execution and data availability.Consensus is how everyone in the network agrees on what transactions have happened and in what order, thus ordering the transactions into a history of events.Execution is the interpretation of those transactions. Determining what transactions are valid and how they impact and update the state. A state or state transition is something that occurs each time a block is accepted in the blockchain.Data ava...
