Introduction The fundamental concept of liquidity mining is to utilize idle cryptocurrency assets to earn interest. Through smart contracts, asset holders can lend their cryptocurrencies to others, generating returns. In the decentralized finance (DeFi) ecosystem, users have multiple ways to earn cryptocurrency yields, with the most common methods including:Lending assets through cryptocurrency lending protocolsStaking cryptocurrencies in specific protocolsBecoming a liquidity provider (LP) f...

Introduction The fundamental concept of liquidity mining is to utilize idle cryptocurrency assets to earn interest. Through smart contracts, asset holders can lend their cryptocurrencies to others, generating returns. In the decentralized finance (DeFi) ecosystem, users have multiple ways to earn cryptocurrency yields, with the most common methods including:Lending assets through cryptocurrency lending protocolsStaking cryptocurrencies in specific protocolsBecoming a liquidity provider (LP) f...

Why Is the Security of Blockchain Bridges Crucial?Blockchain bridges are responsible for holding the tokens that users wish to transfer from one chain to another. These bridges are typically deployed in the form of smart contracts, and as cross-chain transfers increase, they accumulate a significant amount of tokens, making them prime targets for hackers. Given that blockchain bridges involve multiple components, their attack surface is relatively large. Consequently, hackers are highly inter...

Why Is the Security of Blockchain Bridges Crucial?Blockchain bridges are responsible for holding the tokens that users wish to transfer from one chain to another. These bridges are typically deployed in the form of smart contracts, and as cross-chain transfers increase, they accumulate a significant amount of tokens, making them prime targets for hackers. Given that blockchain bridges involve multiple components, their attack surface is relatively large. Consequently, hackers are highly inter...

Introduction The phrase "data is the new oil," coined by a British mathematician, is particularly relevant today as personal data becomes increasingly intertwined with online experiences. Currently, personal data, as a crucial component of digital identity, is often stored in a centralized manner. While this storage method facilitates access, it limits users' rights regarding data sharing and control, making them more susceptible to risks such as data loss, privacy breaches, and cyberatt...

Introduction The phrase "data is the new oil," coined by a British mathematician, is particularly relevant today as personal data becomes increasingly intertwined with online experiences. Currently, personal data, as a crucial component of digital identity, is often stored in a centralized manner. While this storage method facilitates access, it limits users' rights regarding data sharing and control, making them more susceptible to risks such as data loss, privacy breaches, and cyberatt...

The Race for Blockchain Scalability As cryptocurrency usage expands, addressing the scalability challenges of blockchain networks becomes crucial. A congested blockchain can result in slower transaction speeds and increased fees. To tackle this issue, there are two main approaches: Layer 1 and Layer 2 solutions.Layer 1 Solutions: Layer 1 solutions involve modifying the core architecture of the blockchain itself to enhance the overall throughput of the system. Sharding serves as a prominent ex...

The Race for Blockchain Scalability As cryptocurrency usage expands, addressing the scalability challenges of blockchain networks becomes crucial. A congested blockchain can result in slower transaction speeds and increased fees. To tackle this issue, there are two main approaches: Layer 1 and Layer 2 solutions.Layer 1 Solutions: Layer 1 solutions involve modifying the core architecture of the blockchain itself to enhance the overall throughput of the system. Sharding serves as a prominent ex...

Introduction Web3 represents the next evolution of the World Wide Web. Unlike the previous generation, Web2, the core principles of Web3 revolve around decentralization, trustlessness, collaboration, censorship resistance, and user ownership. In Web3 applications, users can interact or exchange data without intermediaries. Although we have not fully entered the Web3 era, a dedicated group of individuals is actively working towards this goal. Developers, investors, influencers, and other crypt...

Introduction Web3 represents the next evolution of the World Wide Web. Unlike the previous generation, Web2, the core principles of Web3 revolve around decentralization, trustlessness, collaboration, censorship resistance, and user ownership. In Web3 applications, users can interact or exchange data without intermediaries. Although we have not fully entered the Web3 era, a dedicated group of individuals is actively working towards this goal. Developers, investors, influencers, and other crypt...

Gold surge and the recovery of the cryptocurrency market Recently, gold prices have continued to rise, breaking through historical highs. At the same time, Bitcoin has risen by $4,000 in the past week, and Ethereum has also risen by nearly $300. The crypto industry has experienced its best week since September. If this trend continues, Bitcoin's decline in September may be broken. Some analysts believe that this round of market conditions has just begun, and there may be a bigger outbrea...

Gold surge and the recovery of the cryptocurrency market Recently, gold prices have continued to rise, breaking through historical highs. At the same time, Bitcoin has risen by $4,000 in the past week, and Ethereum has also risen by nearly $300. The crypto industry has experienced its best week since September. If this trend continues, Bitcoin's decline in September may be broken. Some analysts believe that this round of market conditions has just begun, and there may be a bigger outbrea...

Overview of ERC-4337A new technical standard called ERC-4337 has been proposed by prominent developers in the blockchain space, aimed at advancing account abstraction on the Ethereum network. This standard not only simplifies wallet design on Ethereum but also opens up new possibilities for wallet innovation, including more user-friendly recovery methods, customization, and upgradability.Purpose of Ethereum Account AbstractionAccount abstraction is the process of integrating the functionaliti...

Overview of ERC-4337A new technical standard called ERC-4337 has been proposed by prominent developers in the blockchain space, aimed at advancing account abstraction on the Ethereum network. This standard not only simplifies wallet design on Ethereum but also opens up new possibilities for wallet innovation, including more user-friendly recovery methods, customization, and upgradability.Purpose of Ethereum Account AbstractionAccount abstraction is the process of integrating the functionaliti...

Overall Insufficient Liquidity in the NetworkAccording to the latest data from mempool, the Bitcoin Lightning Network currently has 12,389 nodes and 48,000 payment channels, with an overall channel capacity of 5,311.8 BTC. The Lightning Network is a peer-to-peer liquidity network, and to achieve large-scale applications, significant increases in the number of nodes, channels, and channel capacity are necessary—potentially growing by hundreds or even thousands of times. So, how can we attract ...

Overall Insufficient Liquidity in the NetworkAccording to the latest data from mempool, the Bitcoin Lightning Network currently has 12,389 nodes and 48,000 payment channels, with an overall channel capacity of 5,311.8 BTC. The Lightning Network is a peer-to-peer liquidity network, and to achieve large-scale applications, significant increases in the number of nodes, channels, and channel capacity are necessary—potentially growing by hundreds or even thousands of times. So, how can we attract ...

What Is a Token?A token is a non-mineable digital unit that exists as a registered entry on a blockchain. Tokens come in various forms and applications, such as serving as currency or encoding data. Typically, tokens are issued on blockchains like Ethereum and BNB Chain. Common token standards include various types, some of which are used for different purposes. Tokens exist as transferable units of value on the blockchain but differ from the native cryptocurrencies of the underlying blockcha...

What Is a Token?A token is a non-mineable digital unit that exists as a registered entry on a blockchain. Tokens come in various forms and applications, such as serving as currency or encoding data. Typically, tokens are issued on blockchains like Ethereum and BNB Chain. Common token standards include various types, some of which are used for different purposes. Tokens exist as transferable units of value on the blockchain but differ from the native cryptocurrencies of the underlying blockcha...

What Is Cryptocurrency Mining?Cryptocurrency mining is a process based on a proof-of-work mechanism designed to ensure the security and decentralization of cryptocurrencies like Bitcoin. The primary function of mining is to validate user transactions and record them in the public ledger of the blockchain. Essentially, mining is a crucial component that allows Bitcoin to operate independently of central authorities. Additionally, mining operations are responsible for introducing new coins into...

What Is Cryptocurrency Mining?Cryptocurrency mining is a process based on a proof-of-work mechanism designed to ensure the security and decentralization of cryptocurrencies like Bitcoin. The primary function of mining is to validate user transactions and record them in the public ledger of the blockchain. Essentially, mining is a crucial component that allows Bitcoin to operate independently of central authorities. Additionally, mining operations are responsible for introducing new coins into...

What Are Derivatives?Derivatives are financial contracts based on an underlying asset, such as stocks, cryptocurrencies, fiat currencies, or commodities. Their value depends on the future price or value changes of that underlying asset. You can think of derivatives as contracts that allow investors to participate in the price fluctuations of the underlying asset without actually owning it. There are several main types of derivatives, including options, futures, and swaps. While they take diff...

What Are Derivatives?Derivatives are financial contracts based on an underlying asset, such as stocks, cryptocurrencies, fiat currencies, or commodities. Their value depends on the future price or value changes of that underlying asset. You can think of derivatives as contracts that allow investors to participate in the price fluctuations of the underlying asset without actually owning it. There are several main types of derivatives, including options, futures, and swaps. While they take diff...

What is Interoperability in Blockchain? Interoperability in blockchain refers to the ability of different blockchains to freely exchange data. Cross-chain interoperability means that smart contracts on different platforms can communicate with each other without the need to actually send tokens. For example, assets, services, and transaction information are all recorded on the blockchain. Through appropriate interoperability solutions, activities conducted on one blockchain can be reflected on...

What is Interoperability in Blockchain? Interoperability in blockchain refers to the ability of different blockchains to freely exchange data. Cross-chain interoperability means that smart contracts on different platforms can communicate with each other without the need to actually send tokens. For example, assets, services, and transaction information are all recorded on the blockchain. Through appropriate interoperability solutions, activities conducted on one blockchain can be reflected on...