DeFi Series 2: How was DeFi born?
No technical content is created out of thin air, there must be more technical building blocks at the time of its birth to form a series of technical innovations afterwards. Blockchain and Cryptocurrency In 2008, Satoshi Nakamoto published his famous “Bitcoin White Paper”, which demonstrated a decentralized system for peer-to-peer transactions and used the blockchain as the underlying technology. The key innovation of Bitcoin is the combination of blockchain (i.e. timestamp) and Proof of Work ...
DeFi Series 2: How was DeFi born?
No technical content is created out of thin air, there must be more technical building blocks at the time of its birth to form a series of technical innovations afterwards. Blockchain and Cryptocurrency In 2008, Satoshi Nakamoto published his famous “Bitcoin White Paper”, which demonstrated a decentralized system for peer-to-peer transactions and used the blockchain as the underlying technology. The key innovation of Bitcoin is the combination of blockchain (i.e. timestamp) and Proof of Work ...
Bitbyte Academy—An analysis of zkSync, a Layer 2 scaling protocol compatible with EVM
zkSync is a Layer 2 scaling protocol for the Ethernet blockchain that improves the scalability and speed of use of the Ethernet network through zkRollup scaling technology and implementation of EVM compatibility. The implementation provides cheaper and faster transactions while still guaranteeing on-chain security and decentralization. Since its launch in 2020, zkSync has made numerous advances and is now known as zkSync Era for zkSync 2.0, and zkSync Lite for zkSync 1.0. zkSync has attracted...
Bitbyte Academy—An analysis of zkSync, a Layer 2 scaling protocol compatible with EVM
zkSync is a Layer 2 scaling protocol for the Ethernet blockchain that improves the scalability and speed of use of the Ethernet network through zkRollup scaling technology and implementation of EVM compatibility. The implementation provides cheaper and faster transactions while still guaranteeing on-chain security and decentralization. Since its launch in 2020, zkSync has made numerous advances and is now known as zkSync Era for zkSync 2.0, and zkSync Lite for zkSync 1.0. zkSync has attracted...
DeFi Series 3: Features of DeFi
Based on DeFi’s underlying architecture and infrastructure, developers will be able to create and combine complex dApps, which have an all-around advantage over centralized applications in numerous application scenarios. Transactions The transaction process on the blockchain includes sending data or tokens from one address to another. Among all blockchain interactions, transactions are the starting point of any kind of interaction and the atoms that make up the DeFi system.Transactions are in...
DeFi Series 3: Features of DeFi
Based on DeFi’s underlying architecture and infrastructure, developers will be able to create and combine complex dApps, which have an all-around advantage over centralized applications in numerous application scenarios. Transactions The transaction process on the blockchain includes sending data or tokens from one address to another. Among all blockchain interactions, transactions are the starting point of any kind of interaction and the atoms that make up the DeFi system.Transactions are in...
