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ELI5: Explaining The KZG Ceremony
The Ethereum KZG ceremony is a cryptographic ceremony that aims to provide a secure foundation for Ethereum scaling. The ceremony involves a number of participants, each of whom contributes a secret number to a shared pool. These numbers are then used to generate a random number that is used to secure the Ethereum network. Imagine
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Auto Deleveraging
Some DEXs strives to avoid ADL and have features to minimize its impact. Traders’ positions are at risk of ADL based on an indicator with their priority in the queue, with more profitable and higher leveraged traders liquidated first. ADL involves closing out positions at the bankruptcy price and sending a notice to the affected
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Maximal Extractable Value
If complex activity is occurring on a blockchain, which can contain systems such as betting, decentralized exchanges or liquidation processes, additional rewards can be earned by parties exploiting these opportunities. For instance, if a user submits a market buy order to a decentralized exchange, to buy a token, there could be arbitrage opportunities. The first
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NFTs Explained
NFT stands for non-fungible token. It is a niche kind of digital asset in which each token is unique — as opposed to “fungible” assets like Bitcoin and dollar bills, which are all worth exactly the same amount. Because every NFT is unique, they can be used to authenticate ownership of other digital assets like
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