Tag: security
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What is a Blockchain Trilemma?
The blockchain trilemma is a concept that refers to the trade-off between three key properties that are often desired in a blockchain: security, scalability, and decentralization. It is called a “trilemma” because it is difficult to achieve all three properties simultaneously. Here is a brief explanation of each property and how they relate to the…
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How to protect your crypto? Here are our top tips.
There are several steps that you can take to protect your cryptocurrency assets:
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What is Flash Loan Attack in crypto DeFi?
A flash loan is a type of short-term, high-risk loan that is typically offered by decentralized finance (DeFi) protocols. It allows a user to borrow a large amount of cryptocurrency for a very short period of time, usually just a few seconds or minutes, and without any collateral requirements. The loan is “flash” because it…
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How to revoke Token Approvals on various scans?
Ever approved tokens on various Dapps and you now worry that those Dapps and the smart contracts might sneakily take away your funds because they have access to your wallet address and some funds? You are not alone, hacks and scams occur a lot in the world of cryptocurrencies. One small mistake and your funds…
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How to protect your cryptocurrency from hacks and scams?
Cryptocurrency is new to many and every year a lot of people lose their crypto funds due to hacks or scams. The global loss is in Billions. So in this post I will try to outline how these funds are usually lost and what users can do to protect their funds. Generally people try to…