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Review on Decentralized Storage Services

Data stored at a centralized location such as data centre are vulnerable to single point of failure. It requires user to trust the storage provider that his data would not be tamper. Such systems are also exposed to Denial of …

What is BIP39? And Why Should You Care?

The Bitcoin Improvement Proposal 39 (BIP39) introduced so-called mnemonic code or phrases. A mnemonic code describes a group of easy-to-remember words that are used for the generation of deterministic wallets. With these words, it is possible to regenerate private and …

Tips for Creating Smart Contracts 2/2

After we showed you some guidelines and techniques for developing Smart Contracts (Part One), we want to compare different methods of deploying a Smart Contract. This part is highly dependent on the type of contract you want to deploy. Once …

Tips for Creating Smart Contracts 1/2

This article aims to give an overview of tips and techniques for saving gas cost when creating a Smart Contract. The article is divided into two parts. The first part focuses on some general guidelines and technique on how to …

How Decentralized is DeFi? – Part 3/3

If you have missed the previous parts, you can find part 1 here and part 2 here. In this part, we will take a look at some selected DeFi services like NFTs and decentralized exchanges. NFTs First, we need to …

How Decentralized is DeFi? – Part 2/3

If you have missed part 1 you can find it here. In this part, we scrutinize the settlement layers 1 and 2. They serve as a foundation of decentralized finance services and thus influence their decentralization. In some cases, there …