OMNIA’s Blog
Blog
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Why Data Privacy Matters to Consumers
4 min read The world continues to depend more and more on the internet as modern-day electronics become increasingly interconnected to our daily lives. Mobile phones and the applications that run on them attempt to make life easier by providing quick access to services such as banking, health, entertainment, social media, dating, online shopping, and…
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The Ethereum PoW Hard Fork: What We Know So Far
4 min read The Merge is scheduled to happen on September 15th, and the event is set to transition Ethereum from the energy-intensive proof-of-work algorithm to a more eco-friendly proof-of-stake. However, some ETH miners, led by Chandler Guo, intend to keep mining Ethereum on a proof-of-work network post-Merge. To achieve this, they will have to…
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Doxing: What It Is and How to Prevent It
< 1 minute Navigating the internet without leaving bread crumbs of your presence is increasingly becoming difficult as our real-life identities are tied to our online ones. As a result, online privacy is vital as you do not want personal information in the hands of hackers, extortionists, and other malicious individuals. In this article, we…
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Introducing CCSS — The Cryptocurrency Security Standard
< 1 minute Implementing standards is essential in any industry, including crypto, where hundreds of millions of dollars worth of digital assets are transacted and traded on exchanges daily. Different trading platforms and crypto wallets have ways of keeping digital assets secure. However, having a Cryptocurrency Security Standard allows for unified methodologies that users and…
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Central Bank Digital Currencies (CBDC) — The End of Cash?
< 1 minute Crypto adoption, particularly of stablecoins, has brought to light real-life use cases of digital assets as a means of transferring value quickly and cheaply compared to the traditional financial system. Crypto holders can send Bitcoin, Ethereum, USDT, or USDC to their family and friends worldwide at a fraction of the cost and…
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What is an Ethereum or Bitcoin Mixer?
3 min read Privacy is a fundamental human right. In the current digital age, savvy individuals can use personal information to carry out malicious attacks on unsuspecting individuals. The need to protect one’s online presence through privacy becomes more important in the blockchain realm as transactions are immutable and public for everyone with enough know-how…
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Comparing Ethereum’s Layer-2 Solutions
4 min read The Ethereum network has a long history of congestion issues that have often led to high gas fees. The first and most popular incident dates back to December 2017, when Cryptokitties clogged the Ethereum network and caused it to grind to a halt. The event, although unfortunate, kick-started discussions on how to avoid…
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Solana Hack: What Actually Happened?
< 1 minute In early August, the Solana crypto community was rocked by what looked like an unsolvable hack that drained roughly $4.5 million in SOL from several thousand users’ wallets. An initial estimate by the team at MistTrack had identified 8,000 affected wallets with their funds being siphoned off to four addresses belonging to…
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The Ethereum Merge – What You Need to Know
4 min read The Ethereum network has undergone several upgrades since its launch in 2015. All the upgrades have had a single mission in unlocking Ethereum’s full potential, and the Merge event is no different. What is The Merge? As the name suggests, the Merge is the coming together of the current Ethereum mainnet (execution layer) with…
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Introducing CCSS – The Cryptocurrency Security Standard
3 min read In 1999, NASA lost a $125 million Mars orbiter because Lockheed Martin engineers used the English measurement system, whereas the NASA team used the metric system. The mismatch in units caused navigation errors leading to the loss of the said orbiter. Such an example highlights why implementing standards is essential in any industry, including…
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Doxing: What It Is and How to Prevent It
8 min read Navigating the internet without leaving bread crumbs of your presence is increasingly becoming difficult as our real-life identities are tied to our online ones. As a result, online privacy is vital as you do not want personal information in the hands of hackers, extortionists, and other malicious individuals. What is Doxing? You…
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Central Bank Digital Currencies (CBDC) – The End of Cash?
5 min read Crypto adoption, particularly of stablecoins, has brought to light real-life use cases of digital assets as a means of transferring value quickly and cheaply compared to the traditional financial system. Crypto holders can send Bitcoin, Ethereum, USDT, or USDC to their family and friends worldwide at a fraction of the cost and…