Transak’s Background Transak enables developers with seamless and easy-to-integrate crypto onboarding infrastructure technologies, in line with their objective of making decentralized applications accessible. Transak has partnered with some of the biggest web3 players, like Polygon, MetaMask, WazirX, and others, to provide API-driven fiat payment options in 100+ countries and cryptos…

We often hear about “Decentralized Finance”. How does it differ from centralized finance? The diagram compares a centralized exchange (CEX) to a decentralized exchange (DEX). 🔹 Central Data vs Decentralized Data In CEX, the servers and databases are owned by the company. Hence the data including user profiles, transactions, and market…

How do smart contracts enable FinTech innovations? Smart contracts are immutable computer programs stored on a blockchain. They run deterministically in the context of an EVM (Ethereum Virtual Machine). When certain predefined conditions are met, the programs are executed automatically. A smart contract can call another contract. Therefore, we can…

The YETI browser extension was created by YETI Chain through a collaboration with the Web3 Foundation and Parity Technologies, organizations that support development and foster innovation in blockchain, specifically on the Polkadot ecosystem. …

To make our logic clear, we have to start at the end. We will launch the innovative YETI blockchain. But there is such an unpleasant thing as Sibyl attacks. These attacks are possible when there is no barrier to entry for new participants. Imagine a vote for which, say, 100…

In recent years, quite a lot of new blockchains have appeared. Since it is a pretty complex task to do a blockchain, the core team of such projects usually consists of either mathematicians or programmers. …

Any economic activity has its own energy, which can be converted into value. As an example, we can consider taxes like VAT or sales tax: the higher the activity in the economy — the more tax revenue is generated. Regarding blockchain technology, many people think that transaction fee is like…