What is a teardrop attack in cryptocurrency? A teardrop attack exploits how systems reassemble fragmented data packets during transmission by sending overlapping fragments that the target system cannot properly reconstruct, leading to a denial of service. Cyber threats attacking the cryptocurrency ecosystem are becoming more sophisticated as it matures. The teardrop attack, a type of denial-of-service…
Key takeaways Cryptocurrencies significantly reduce the high fees and lengthy processing times associated with traditional remittance methods, offering near-instant transfers with minimal costs. Crypto enables seamless international money transfers, especially in regions with limited banking infrastructure or during crises like conflicts or economic instability. Using blockchain technology, crypto eliminates intermediaries, ensuring faster, securer transfers without…
Understanding compressed NFTs Compressed NFTs are a type of non-fungible token (NFT) designed to reduce the cost of storing and transacting with NFTs on the Solana blockchain. With the increasing adoption of NFTs, developers face difficulties maximizing storage and lowering minting costs for these digital assets. The Solana blockchain introduced compressed NFTs (cNFTs) to overcome such…
Understanding crypto wallets Crypto wallets are essential tools for anyone looking to buy, sell or store cryptocurrencies. Imagine you are about to dive into the world of cryptocurrencies. You have your eyes on Bitcoin or even a few altcoins, but there’s one problem: Where do you keep them? Enter the crypto wallet, your digital safe…
Why do traditional supply chain processes need blockchain? Traditional procurement and supply chain processes can be manual, scattered, inefficient and complex. The use of blockchain in procurement can address these issues by making them faster, more organized and cheaper. Procurement involves sourcing, purchasing and receiving goods and services. It’s a key part of supply chain…
Tokenized commodities, which include energy resources, agricultural products, precious metals and other tangible things, are digital representations of real-world assets. These assets go through a process known as “tokenization,” in which their ownership rights are converted into blockchain-based cryptographic tokens. Partially owned and accessible, each token usually represents a portion or entirety of the underlying commodity….