In 2021, the blockchain community welcomed it, a brainchild of renowned experts Ed Felten, Steven Goldfeder, and Harry Kalodner. This innovative Layer 2 scaling solution emerged to tackle Ethereum ‘s persistent challenges of network congestion and exorbitant gas fees. What set Arbitrum apart from other solutions was its commitment to maintaining Ethereum’s security while significantly enhancing its scalability. This post may contain affiliate links, which means I may receiv

One well-known supplier of Oracle solutions is Pyth Network (PYTH) . When compared to the competitors, the network’s direct-from-source architecture offers a number of advantages. The platform currently provides oracle services to over 45 blockchains as a result. The advantages. As a result, the platform currently offers oracle services to more than 45 blockchains. There are numerous advantages to using direct data sourcing. First off, these companies have consented to prov

Decentralized finance (DeFi) is a new financial system built on blockchain technology. It bypasses traditional institutions like banks by using smart contracts to automate financial transactions directly between people. This allows for more open, transparent, and potentially lower-cost financial services. KEY TAKEAWAYS Cutting Out the Middleman: DeFi leverages blockchain technology to automate financial transactions directly between users, eliminating the need for traditional