Knowledge related to Web3

7 Reasons Why Your Business Needs Blockchain Technology

In today’s fast-changing world of technology, businesses are always looking for new ways to improve security, transparency, efficiency, and cost-effectiveness. Blockchain, the technology behind cryptocurrencies, has emerged as a powerful tool that can improve your business operations. Let’s explore seven great reasons why your business should use blockchain technology 1. Enhanced Security: Imagine a world […]

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How to Secure Smart Contracts from Hacks

Smart contracts, the self-executing contracts with agreement terms embedded directly in lines of code, are changing how businesses operate in the blockchain realm. Smart contracts are powerful tools but they are not immune to cyber threats. In recent years, the blockchain community has seen multiple high-profile smart contract hacks, leading to significant financial losses. This

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Fractional NFTs (ERC-721): Understanding the Next Frontier in Digital Assets

Non-fungible tokens (NFTs) has played an important role in recent years, mostly getting most of its PR via high market demand. Unlike traditional crypto assets, these blockchain-secured tokens called NFTs stand out due to their non-fungibility, a characteristic that denotes uniqueness. Such distinctiveness means that, unlike typical assets, one NFT cannot be easily exchanged for

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Understanding Smart Contracts: A Comprehensive Guide

In the rapidly-evolving world of blockchain and cryptocurrencies, smart contracts have emerged as a revolutionary tool. They promise automated, transparent, and secure transactions. But what exactly are they? Dive into this guide to grasp the essence of smart contracts and their potential impact on various industries. Prerequisites Introduction In the digital age, trust is a

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What are EVM-Compatible Blockchains?

Introduction Ethereum Virtual Machine (EVM) compatibility has emerged as a pivotal stepping stone, as demonstrated by some of the most popular blockchains today, including Avalanche, Binance Smart Chain, Fantom Opera, and Polygon. In this guide, we will delve deep into the concept of the Ethereum Virtual Machine, explore its use cases, and understand the significance

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Meet DeCipher: An Essential Tool for Blockchain Developers!

DApp Development Tutorials, Knowledge related to Web3 / Trust Onyekwere

DeCipher is an innovative tool on the Bunzz V2 platform, revolutionizing smart contract development. Powered by AI, it simplifies smart contract documentation, modification, and deployment. This article delves into the features that make DeCipher an essential tool for blockchain developers and web3 builders. Simplifying Smart Contract Documentation DeCipher simplifies complex smart contract documentation, making it

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Understanding EIP 4844: A Beginner Guide

Introduction: In the world of blockchain technology, Ethereum has been actively working on solutions to accommodate its expanding user base, enhance transaction throughput, and reduce costs. To facilitate long-term scalability, Ethereum has embraced the concept of data sharding. As part of this journey towards full sharding, Ethereum Improvement Proposal 4844 (EIP-4844) has been introduced. This

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What is ERC7265: Enhancing DeFi Security with a Circuit Breaker

The decentralized finance (DeFi) space has experienced a surge in security breaches, posing significant risks to user funds and protocol integrity. To address this growing concern, members of the Ethereum community have proposed a new standard known as ERC 7265. This standard aims to bolster DeFi security by introducing a “circuit breaker” mechanism into smart

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Decipher: The Future of Smart Contract Documentation

Blockchain development can be quite challenging and complex, and the documentation of smart contracts plays a significant role in enhancing transparency, promoting knowledge sharing, facilitating compliance, and ensuring security. As the use of smart contracts sees an unprecedented surge, the demand for comprehensive documentation becomes more vital than ever. Amid this pressing need, Bunzz is

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Uniswap v4: The Future of Decentralized Exchanges (DEX)

DeFi, Knowledge related to Web3 / Trust Onyekwere

Embarking on a journey across the ever-evolving landscape of decentralized finance (DeFi), Uniswap has established itself as a veritable titan. Resolutely setting the bar for permissionless, non-upgradable, and decentralized trading, each version of Uniswap has delivered innovations that have expanded its functionality and invigorated the DeFi space at large. In this article, you’ll delve into

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Revolutionizing NFTs: Unleashing the Power of ERC-6551

NFT, Knowledge related to Web3 / Trust Onyekwere

Introduction: The world of non-fungible tokens (NFTs) has witnessed tremendous growth and innovation, transforming the digital ownership landscape. NFTs provide a unique way to represent and trade digital assets securely on the Ethereum blockchain. The management of assets associated with NFTs has posed limitations within traditional NFT standards. In response, the Ethereum blockchain ecosystem has

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The Hacking Risk of Private Keys When Deploying Contracts Locally

A True Tale from ETH Global Tokyo This story unfolded at ETH Global Tokyo. A developer, who had entered the Bunzz Prize hackathon, froze in the midst of his presentation, yelling, “I’ve been hit!” When we asked what had happened, he said, “My wallet’s been hacked, and the funds have been drained.” The cause quickly

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