The emergence of blockchain technology has helped solve issues related to privacy and anonymity in a heavily centralized world. Functioning as an unchangeable digital ledger, blockchain utilizes various cryptographic methods to achieve the utmost security when exchanging information.
Among these methods is the use of zero-knowledge proofs or ZKPs. Working…
By BlockSense
Earning a living through mining blocks in the Ethereum blockchain has become increasingly common. By simply playing with the order of transactions and proposing a block, miners can earn the block reward as well as the corresponding block gas fees. …
By BlockSense
When cryptocurrency first emerged with the creation of Bitcoin in 2009, it was regarded as a highly innovative form of technology due to the unique values associated with it. Never before had there been a decentralized form of currency with the potential to wipe out intermediaries like banks…
By BlockSense
One of the most innovative applications of blockchain technology is decentralized finance, commonly known as DeFi.
DeFi offers its users a revolutionary financial system, free of centralized intermediaries that the real world is used to. …
By BlockSense
On August 30th, the decentralized lending protocol Cream Finance was hacked, resulting in a loss of over $29 million worth of funds.
An estimated amount of 2800 ETH and 462,000,000 AMP were stolen in the attack. This is the second time the lending protocol has suffered at the…
Lately, NFTs have become a popular topic of discussion in circles both inside and outside the crypto world.
You may have come across many stories in the news discussing the selling and buying of these digital assets for millions of dollars- including seemingly outrageous items such as the internet meme…
The month of August has proved to be an unlucky time for the crypto world.
In just four weeks, four major platforms and protocols have been attacked by four different hackers- resulting in an estimated total loss of over $720M at the time of publishing.
Being forced to face staggering…
On August 10, 2021, the cross-chain platform Poly Network was attacked, resulting in assets worth over $600M being stolen.
Poly Network is an interoperability protocol that allows different heterogeneous blockchains to work with each other on one platform. By hacking into the Poly Network platform, the attacker was able to…
By Sarah Imran
In June 2016, a malicious hacker was able to hack into the DAO protocol on Ethereum’s blockchain and steal over $50 million worth of funds. In an attempt to rectify this massive loss, the Ethereum community initiated a hard fork that would return the hack funds and…
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