Information you need or don't need about web 3 - 1
BTC vs ETH Inflation Bitcoin (BTC) Maximum supply: 21 million BTC Current supply increase: Bitcoin block rewards (new BTC issuance) halve approximately every 4 years (“halving”) Annual supply increase as of 2025: Around 1.7% Inflation trend: Decreasing over time because block rewards diminish. By around 2140, all BTC will be mined, and inflation will approach 0% Ethereum (ETH) Maximum supply: Unlimited (theoretically no upper limit) Supply increase: With Ethereum 2.0 and EIP-1559, a “burn mec...
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90% of “Flash Loan” attacks are not hacks in the technical sense, but rather actions carried out within the rules of the smart contract system itself. --- 📌 What does this mean? A flash loan allows users to borrow funds without collateral as long as the loan is borrowed and repaid within the same transaction block. The system prevents funds from being withdrawn before the transaction is completed. However, malicious actors can exploit this mechanism by manipulating price feeds or market dyna...
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Some wording you gotta know. 1. Cross-Chain Bridge 🌉 A protocol that enables asset transfers between different blockchains. > “A digital bridge that moves your funds from Ethereum to Avalanche.” Risk: If hacked, funds on both chains could vanish. --- 2. Sidechain 🛤 A separate blockchain that runs independently but is connected to the main chain. > “Like a side road with its own traffic lights next to the main highway.” Example: Polygon PoS Chain. --- 3. State Channel 📡 An off-chain transac...
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Information you need or don't need about web 3 - 1
BTC vs ETH Inflation Bitcoin (BTC) Maximum supply: 21 million BTC Current supply increase: Bitcoin block rewards (new BTC issuance) halve approximately every 4 years (“halving”) Annual supply increase as of 2025: Around 1.7% Inflation trend: Decreasing over time because block rewards diminish. By around 2140, all BTC will be mined, and inflation will approach 0% Ethereum (ETH) Maximum supply: Unlimited (theoretically no upper limit) Supply increase: With Ethereum 2.0 and EIP-1559, a “burn mec...
Information you need or don't need about web 3 - 11
90% of “Flash Loan” attacks are not hacks in the technical sense, but rather actions carried out within the rules of the smart contract system itself. --- 📌 What does this mean? A flash loan allows users to borrow funds without collateral as long as the loan is borrowed and repaid within the same transaction block. The system prevents funds from being withdrawn before the transaction is completed. However, malicious actors can exploit this mechanism by manipulating price feeds or market dyna...
Information you need or don't need about web 3 - 3
Some wording you gotta know. 1. Cross-Chain Bridge 🌉 A protocol that enables asset transfers between different blockchains. > “A digital bridge that moves your funds from Ethereum to Avalanche.” Risk: If hacked, funds on both chains could vanish. --- 2. Sidechain 🛤 A separate blockchain that runs independently but is connected to the main chain. > “Like a side road with its own traffic lights next to the main highway.” Example: Polygon PoS Chain. --- 3. State Channel 📡 An off-chain transac...
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💥 The Biggest Losses in Crypto History
Several major events have caused massive financial damage, shaken investor confidence, and reshaped the crypto landscape. Here are some of the most notable ones:
🔥 1. Mt. Gox Hack (2014)
Loss: ~850,000 BTC (worth billions of dollars today)
What happened? At the time, Mt. Gox was the largest Bitcoin exchange. It was hacked and eventually went bankrupt.
Impact: A huge blow to trust in Bitcoin. Prices plummeted.
🔥 2. Terra / LUNA Collapse (2022)
Loss: Between $40–60 billion in market value evaporated
What happened? Terra’s algorithmic stablecoin UST lost its peg, triggering the collapse of LUNA (down over 99%).
Impact: Massive investor losses. Several crypto funds (3AC, Celsius, Voyager) went bankrupt in the aftermath.
🔥 3. FTX Exchange Collapse (2022)
Loss: ~$8–10 billion in customer funds missing
What happened? FTX misused customer deposits. CEO Sam Bankman-Fried was convicted of fraud.
Impact: Sparked regulatory crackdowns worldwide and eroded trust in centralized exchanges.
🔥 4. Ronin Network Hack (Axie Infinity – 2022)
Loss: ~$620 million
What happened? Hackers exploited private keys to compromise Ronin, the blockchain behind Axie Infinity.
Impact: Shook confidence in GameFi and NFT-based gaming projects.
🔥 5. Poly Network Hack (2021)
Loss: ~$610 million
What happened? Poly Network, a cross-chain bridge, was hacked. Interestingly, the hacker later returned most of the stolen funds.
Impact: Highlighted vulnerabilities in cross-chain infrastructure.
💥 The Biggest Losses in Crypto History
Several major events have caused massive financial damage, shaken investor confidence, and reshaped the crypto landscape. Here are some of the most notable ones:
🔥 1. Mt. Gox Hack (2014)
Loss: ~850,000 BTC (worth billions of dollars today)
What happened? At the time, Mt. Gox was the largest Bitcoin exchange. It was hacked and eventually went bankrupt.
Impact: A huge blow to trust in Bitcoin. Prices plummeted.
🔥 2. Terra / LUNA Collapse (2022)
Loss: Between $40–60 billion in market value evaporated
What happened? Terra’s algorithmic stablecoin UST lost its peg, triggering the collapse of LUNA (down over 99%).
Impact: Massive investor losses. Several crypto funds (3AC, Celsius, Voyager) went bankrupt in the aftermath.
🔥 3. FTX Exchange Collapse (2022)
Loss: ~$8–10 billion in customer funds missing
What happened? FTX misused customer deposits. CEO Sam Bankman-Fried was convicted of fraud.
Impact: Sparked regulatory crackdowns worldwide and eroded trust in centralized exchanges.
🔥 4. Ronin Network Hack (Axie Infinity – 2022)
Loss: ~$620 million
What happened? Hackers exploited private keys to compromise Ronin, the blockchain behind Axie Infinity.
Impact: Shook confidence in GameFi and NFT-based gaming projects.
🔥 5. Poly Network Hack (2021)
Loss: ~$610 million
What happened? Poly Network, a cross-chain bridge, was hacked. Interestingly, the hacker later returned most of the stolen funds.
Impact: Highlighted vulnerabilities in cross-chain infrastructure.
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Information you need or don't need about web 3 - 15 2 min read @paragraph