Wrapped asset custody refers to the secure holding and management of wrapped assets, which are digital tokens that represent another asset on a different blockchain. Custodians ensure that each wrapped token is backed one-to-one by the original asset, maintaining trust in the system. This involves specialised processes to safely store, audit, and release the underlying…
The Interledger Protocol (ILP) is an open protocol designed to enable payments and value transfers across different payment networks and ledgers. It acts as a bridge between various financial systems, allowing them to communicate and exchange money, much like how the internet enables communication between different computer networks. ILP does not require all participants to…
Token swaps are transactions where one digital token is exchanged for another, usually on a blockchain network. This process can happen directly between users or through automated platforms called decentralised exchanges. Token swaps make it easy for people to trade different cryptocurrencies without the need for a central authority or traditional currency exchange.
Cross-shard transactions refer to the process of transferring data or value between different shards in a sharded blockchain network. Sharding is a technique that breaks a network into smaller parts, called shards, to improve scalability and speed. Cross-shard transactions ensure that users can send assets or information from one shard to another smoothly and securely,…
Re-staking mechanisms are systems that allow users to use the same staked assets across multiple protocols or networks, increasing the utility of their tokens. Instead of locking tokens for just one purpose, re-staking lets those tokens help secure several services or blockchains at once. This can improve efficiency and provide users with additional rewards or…
Proof of Importance is a consensus mechanism used in some blockchain networks to decide who gets to add the next block of transactions. Unlike Proof of Work or Proof of Stake, it considers how active a participant is in the network, not just how much cryptocurrency they own or how much computing power they have….
Decentralised Name Services are systems that allow users to register and manage human-readable names, like website addresses, using blockchain technology. These names replace complex strings such as wallet addresses or technical identifiers, making it easier for people to interact with digital services. Because the system is decentralised, no single entity controls the database, reducing the…
An Initial DEX Offering (IDO) is a way for new cryptocurrency projects to raise funds by selling their tokens directly on a decentralised exchange (DEX). This method allows anyone to participate in the token sale, often with fewer restrictions than traditional fundraising methods. IDOs typically offer immediate trading of tokens once the sale ends, providing…
Token burning is the process of permanently removing a certain amount of cryptocurrency tokens from circulation. This is usually done by sending the tokens to a special address that cannot be accessed or recovered. The main goal is to reduce the total supply, which can help manage inflation or increase the value of the remaining…
Token Curated Registries are online lists or directories that are managed and maintained by a group of people using tokens as a form of voting power. Anyone can propose an addition to the list, but the community decides which entries are accepted or removed by staking tokens and voting. This system aims to create trustworthy…