Ethereum

Tornado Cash is an industry-leading coin mixer that enables anonymous transactions. On August 8, the U.S. Department of the Treasury’s Office of Foreign Assets Control announced that it would sanction Tornado Cash, roiling the community. On August 8, U.S. local time, the Office of Foreign Assets Control of the US Department of the Treasury (OFAC) announced the sanctions against the mixed currency protocol Tornado Cash, roiling the community. This event is expected to be a watershed in the growth of DeFi, and even the entire crypto industry. Then, what is Tornado Cash? How does it work? How did it become the target of sanctions by the US government? You’ll find all the answers to these questions in this article.

Yearn.finance is a decentralized smart financial product built on Ethereum. It implements algorithms to shift assets between different smart contracts to attain the highest yields. Yearn.finance launched the YFI token in July 2020. Its price soared from $3 to $30,000 within one month, which rapidly attracted a large number of investors. Its founder, Andre Cronje, is a South African fintech developer. He created Yearn.finance when he realized that different DeFi applications offer different yields. Users flocked to Yearn.finance soon after it was launched. Its market cap reached $1.5 billion by September 2020. Data shows that its total value locked in the network exceeded $6 billion at its peak in November 2021. How did the craze sweep the whole crypto space? How does it work? Let’s explore.

Rollups represent one of the most popular and effective Ethereum scaling solutions. As a Layer 2 off-chain scaling solution, Rollup bundles thousands of off-chain transactions into batches and sends them to the main blockchain for storage and verification. It greatly improves transaction volume and transaction speed while inheriting the security of Ethereum Mainnet.

Rocket Pool is a decentralized application (dApp) in the Decentralized Finance (DeFi) space that increases access to staking opportunities on the beacon chain.

Separate blockchains that help scalability

The beacon chain is the first phase in the proposed ETH 2.0 roadmap designed to develop the Ethereum network.

A change in one of the top cryptocurrencies that might impact the whole ecosystem

Maximum Extractable Value (MEV) refers to the maximum value that can be extracted by including, excluding, and changing the order of transactions in a block, with the purpose of earning more than standard block rewards and transaction fees.

Connection and asset transfer between blockchains

DeFi 2.0 refers to the DeFi innovation phase, a subset of decentralized protocols built on breakthroughs like yield farming, lending, and other innovations.

The biggest Ethereum network update ahead of the upcoming Merge

A set of standard rules for creating ethereum tokens

Layer 2 is a protocol built on top of an existing blockchain (layer 1) for increased performance and output. This is achieved without compromising the security of the blockchain. With the rise in the number of users and transactions on layer 1 blockchains like Bitcoin and Ethereum, there is a need for increased throughput without compromising security and decentralization.

Sharding is a database partitioning technique that helps blockchains build scalability, allowing transactions to be processed in parallel by multiple sharding chains to reduce network congestion and increase transactions per second (TPS).

EVM is an abstraction layer between the code and the host that serves as a guarantee to maintain the smooth operation of Ethereum. What is EVM after all? What are the principles and typical use cases of EVM? Let’s dive deeper into it.