Web3 (305)

Does India's adoption of the Unified Payments Interface (UPI) signify the start of a new digital payment revolution? The potential is there. Web3 decentralized protocols and technologies offer individuals more control over their data, identities, and transactions, which could be the next step in the evolution of the internet. With India's evolving digital payment infrastructure, the country is well-positioned to take advantage of the possibilities of decentralization.

The cryptocurrency industry has brought of new terminology, and it continues to do so as it grows. Some terms are similar to the ones you might know from traditional finance. For example, Initial Coin

2023 has already shown itself to be a big year for regulation in crypto, and we’ve not even reached the halfway point. As more nations roll out a regulatory framework for crypto assets, our industry c

## BRC-20 and Bitcoin staking are coming to OKX Web3 Earn BRC-20 rapidly gained momentum within the Bitcoin community when it landed on March 8, 2023. A fungible token standard made specifically for t

ConsenSys is the leading global blockchain technology company behind a groundbreaking new solution that's helping address Ethereum's scalability challenge — Linea . To date, ConsenSys has been pivotal in advancing the adoption and development of decentralized applications (DApps) on the Ethereum blockchain. Founded by Joseph Lubin, one of the co-founders of Ethereum, ConsenSys has emerged as a key player in the blockchain space.

2023 has seen many AI innovations emerge, from conversational wonders like ChatGPT to extraordinary feats in generative AI. These advancements have undoubtedly reshaped how we interact, work, and play. But are they also opening the door to fresh challenges?

In the fast-paced world of digital assets, it’s essential to have a reliable tool to monitor and analyze smart contracts on the Solana network. This is where Solscan comes in. In this guide, we'll introduce you to Solscan, an analytics platform that allows you to view and analyze Solana smart contracts easily.

Dogecoin , the fun and friendly cryptocurrency, has evolved to be more than just another memecoin. Just as Bitcoin got BRC-20, Dogecoin now has its own token standard, DRC-20. It's like giving Dogecoin a new set of tricks!

Have you ever imagined having a stake in the digital space, similar to having possession of a physical artwork in an art gallery? This is made possible through the use of non-fungible tokens (NFTs) . These digital assets certify you as the owner of a singular item on a blockchain. Unlike cryptocurrencies, every NFT has a distinct code, making it irreplaceable and confirming its authenticity.

OKX offers a wide range of digital assets for trading and storage, including BRC-20 tokens. Depositing and withdrawing BRC-20 tokens on OKX is a straightforward process, and every step of the way, the

You’ll often see crypto projects talk about ‘burning’ coins, but what is the practice and why does it happen? In short, cryptocurrency burning refers to the process of permanently removing a specific number of tokens from the supply in circulation. The act of burning tokens is permanent, meaning the assets are destroyed forever.

If Web3 is going to take over the globe, it's going to have to change. For some, DeFi, NFTs, dApps, DAOs, and everything in between have already been exciting enough to dive in. But, as all crypto users know, this exploration isn't without risk. And that risk can be ‌reason enough to stay away. Enter our latest feature, OKX Smart Account , an extension of our commitment to building the safest, most secure, and most affordable Web3 experience around.

What role do decentralized exchanges (DEX) play in today's crypto environment? DEXs allow you to trade digital assets without third-party involvement. Among DEXs, we're witnessing an increase in the usage of crypto perpetual contracts. These contracts are essentially agreements that let traders benefit from asset price movements without the obligation to own or settle the asset. Meanwhile, zero-knowledge proofs (ZK proofs) have been a game-changer in the DeFi space, introducing solutions to privacy and scalability issues.

The original decentralized finance (DeFi) sector has been around for years, but it only became big in 2020. After it got under the spotlight, a number of highly successful projects emerged. However, j

Have you ever wondered how Bitcoin, designed initially as a digital currency , is evolving with new technologies? One example is BitVM, short for Bitcoin Virtual Machine — a computational engine introduced by Robert Linus.

Blockchain technology has revolutionized how we interact with digital assets and decentralized applications. MetaMask is a popular browser extension that allows users to manage their Ethereum-based di

Zero-knowledge (ZK) technology refers to a cryptographic method that allows one party to confirm the proof of a statement without revealing any information beyond the statement of truth itself. In short, it helps to increase confidentiality and safeguard digital transactions.

Have you ever wondered how certain research projects get funded? How about why some groundbreaking discoveries sometimes seem to take forever to materialize? With a lack of transparency and funding troubles existing, it's no wonder scientists are considering decentralized science (DeSci) to be a revolutionary movement that aims to shake up the traditional scientific landscape.

Authored by Kiwi Yao, researcher @OKX Ventures 2023 was a big year for account abstraction (AA), as the arrival of the ERC-4337 Ethereum standard brought new opportunities for users of the network. ERC-4337 gave access to smart wallet contracts, and its progress since launch has brought new capabilities.

NFTs cemented their spot in cryptocurrency during the 2021 bull run. During this period, the NFT space experienced unprecedented growth and adoption. Therefore, NFT rarity became crucial to determine their value. An NFT holder must consider the asset's unique characteristics that differentiate it from other NFTs in the collection to determine its rarity. Some features that could differentiate the NFT include accessories, skins, and backgrounds.

As the crypto industry expands, new and inventive projects are constantly being introduced, creating a competitive environment where some initiatives struggle to get noticed in the bustling crypto community.

In traditional finance, a borrower must deposit collateral and pass credit checks before receiving a loan. However, with decentralized finance (DeFi), borrowers can access loans without providing coll

Aave , formerly ETHLend, is a decentralized non-custodial borrowing and lending protocol that lets users deposit assets into liquidity pools to earn returns and borrow assets at a variable or fixed interest rate. It was launched in 2017 by Stani Kulechov, following a $17.8 million initial coin offering (ICO). Aave also allows users to take out uncollateralized, ultra-short duration loans known as .

Blockchains are usually self-contained systems and lack the ability to communicate with other chains, creating difficulties for users when transferring money. The purpose of building what the crypto space call ‘bridges’ is to address this issue. Through , individuals can efficiently transfer their funds between different chains. Cryptocurrency bridges promote blockchain interoperability and enhance the ease of digital asset transfer.