In the digital age, finance has evolved significantly and paved the way for a new way of operating and thinking about money. Decentralised Finance or DeFi has emerged as an alternative financial ecosystem, driven by blockchain technology and cryptocurrencies. In this context, decentralisation has become more important and has challenged the status quo of traditional …
Cryptography is a computer security discipline concerned with protecting the confidentiality, integrity and authenticity of information through encryption and decryption techniques. Its main objective is to ensure that transmitted information can only be read and understood by those authorised to do so, and cannot be accessed by unauthorised third parties. Cryptography is used in a …
Zero-Knowledge Proofs (ZPK) are a type of cryptographic algorithm, used in DeFi, that allows a person to prove that he/she possesses certain information, without revealing the information itself. In other words, it is a proof that allows to prove knowledge of a fact without having to reveal the content of that knowledge. One of the …
In recent years, the world of decentralized applications (DApps) has experienced a boom in technology. These applications, which operate without the need for a centralized intermediary, offer a number of advantages in terms of transparency, security, and privacy. However, one of the main barriers to their mass adoption remains the lack of clarity regarding their …
Governance is a fundamental process for the functioning of decentralized finance systems (DeFi). In this context, governance refers to a set of processes and mechanisms that enable users to participate in decision-making on the DeFi platform. Types of Governance Governance can be of two types: off-chain and on-chain. Off-chain governance is a process in which …
A DApp, short for Decentralized Application, is a type of software application that runs on a decentralized network, such as the blockchain, rather than on a centralized server. DApps are designed to be transparent, immutable and decentralized, meaning they are not controlled by a single entity or individual. Instead, they are built on a decentralized …
Decentralized finance (DeFi) has emerged as an alternative to traditional financial services, allowing users to operate in an autonomous ecosystem without intermediaries. Thanks to blockchain technology and economic incentives, DeFi protocols offer a wide variety of services, from stablecoins to insurance and portfolio management. However, the lack of regulation and the presence of legally undefined …
Over the past few years, we have witnessed the emergence of a new form of decentralized finance known as DeFi, or decentralized finance. This innovative technology uses blockchain and smart contracts to offer a wide range of financial services without the need for traditional intermediaries. DeFi has been hailed for its potential to democratize access …
Introduction The Internet, the network of networks connecting computers around the world, emerged in 1969 and has since undergone numerous technological and infrastructural modifications to become what it is today. The initial purpose of the Internet as a means of sharing information has evolved over the years, and the web has become an essential part …
Nick Szabo, an American computer scientist and cryptographer, is considered the creator of the Smart Contract concept in 1997. Szabo described in his article “Smart Contracts: the future of legal agreements” how contracts could be managed by computers, referring to traditional contracts, which are agreements written on paper that require human intervention for their execution. …
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