Web3
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Are gas fees a Barrier to Mainstream Blockchain Adoption?
6 min read Blockchain network transaction fees are designed to operate using the traditional supply and demand theory. More so for proof-of-work blockchains such as Bitcoin, Ethereum, Ethereum Classic, and Litecoin. The more crypto users transact on the respective blockchains, the higher the transaction fees since users rush to attract the attention of miners who…
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Software vs. Hardware Wallets
6 min read Two to three decades ago, the term wallet was synonymous with a leather pouch or bag that fits in the palm of your hand and pocket. Such a wallet was used to store physical money and identification documents. However, the internet and the launch of Bitcoin in 2009 and Ethereum in 2015…
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Increasing Web3 Adoption
5 min read The concept of Web3, its adoption rate, and what the future holds has been the subject of discussion by the mainstream media, analysts, and internet community members for close to a decade now. But before diving deep into the topic of Web3 adoption, it is worth digging into the history of the…
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What is NFT Frontrunning?
4 min read In traditional financial, front-running is the practice of early entry into a trading position with prior non-public knowledge that a larger pending transaction will be executed. The target transaction is already known to have a potentially significant impact on the value of the asset being traded. Although illegal in mainstream financial markets,…
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Elon Musk is buying Twitter. What does this mean and what are the possible drawbacks ?
7 min read A week ago, Twitter’s board of directors finally accepted Elon Musk’s bid to buy the company, ending weeks of speculation about whether the CEO of Tesla would eventually manage to close the $44 billion takeover deal. Twitter and Other Centralized Applications Have Potential Pitfalls 1. Centralized Decision Making Mr. Musk, who is…
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Another day, another AWS outage disrupting crypto exchanges
3 min read What happened to AWS? Amazon Web Services (AWS) was down for nearly half a day on December 8th. As a result, centralized crypto exchanges like Binance, Coinbase, and others came to a standstill. Moreover, even decentralized crypto exchanges, like dYdX, could not process transactions. Even though dYdX is decentralized, meaning it allows for direct peer-to-peer…
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Solana Chain DDoS and the problem of Centralization
3 min read In one of our previous article (see here), we have discussed the plague within the current blockchain ecosystems that almost everyone had thought to be decentralized. Unfortunately, reality does not favor the ideology and theory behind the promising technology. Therefore, we are hard-pressed to find a solution to mitigate the problem as…
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Is the “decentralization” in the blockchain ecosystem really decentralized?
3 min read When hearing about terms such as “blockchain” and “decentralization”, most of us may imagine a network system that the public can own and control collectively. But the reality is not what it seems. So let’s put the “decentralization” in our current blockchain ecosystem to test, shall we? What is decentralization in blockchain…
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Access to blockchain infrastructure — market opportunities and challenges
2 min read As an up-and-coming player in the blockchain industry, OMNIA believes in combining the power of decentralization with privacy to provide an unmatched node provider service. In this article, we aim to provide a general market overview and list the opportunities and challenges that await us in the future. Opportunities Overview Our market research indicates…