SmartState blog

December 12, 2023

Locus Finance smart contract security audit by SmartState

Locus is a DeFi asset management platform that provides automated, tokenized yield-bearing vaults of curated strategies.Locus Finance utilizes smart contracts to manage client assets and provides a simple interface for navigating complex DeFi strategies.SmartState audits Locus FinanceLocus Finance requested SmartState to conduct a smart contract security audit of the staking system and the internal logic of the Locus Finance project ...

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November 28, 2023

NFT Platforms Security: Challenges and Best Practices

The NFT market takes up a considerable area in today's crypto industry. Having passed through the stage of "pure" digital art, the non-fungible token technology has found its applications and seems to be firmly entrenched in various areas of business. The interest of investors, crypto tech specialists and users in NFT projects is contributing to the growth and development of the industry as a whole. But despite the fact that the technology ...

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November 16, 2023

Scalability & security balance in the Web3 industry

The Web3 industry has unveiled an era of digital innovation, offering the potential for increased transparency, security, as well as user empowerment. However, the imperatives of scalability and security present complex challenges that must be carefully overcome to unleash the full potential of dApps and blockchain networks. In this article we explore the relationship between scalability and security in Web3 and discuss strategies for ...

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October 29, 2023

What is Moralis?

Moralis is a dev platform that offers a Web3 toolkit to create, launch and grow dApps in one place. This is one of the leading services for creation and deployment of dApps on different L1 chains, including Ethereum, Binance Smart Chain, Polygon and more. It provides solutions in middleware. There is no vital necessity to create something new and genuine working at Moralis. Only a couple of hours would pass from opting in to nodes up to ...

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October 20, 2023

Exploring Bitcoin Sidechains: Unlocking New BTC possibilities

Being a pioneering cryptocurrency, Bitcoin has powered the novel industry and increased the crypto popularity and adoption while standing as the most adopted crypto coin. As the Bitcoin network continues to gain weight, scalability and flexibility have become important considerations. To address these challenges, Bitcoin sidechains have emerged as a solution, offering exciting opportunities to enhance the functionality and expand the use ...

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October 7, 2023

Trust no one and prosper in blockchain: trustlessness as a core basis, zero trust for everything else

Many say that blockchain technology is controversial to traditional systems and has significant benefits in data and value procession because of clear and immutable data storing, faster transaction speed, lower fees and pure p2p transactions opportunity with no intermediaries, which leads to the system users empowering. Most of these arguments, which are truly impactful, as well as many blockchain qualities which provide those arguments ...

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October 1, 2023

Multiparty Computation x Zero-Knowledge Proofs

In the realm of private and secure computations, two powerful concepts have emerged: zero-knowledge proofs (ZK-proofs) and multiparty computation (MPC). These concepts have revolutionized the way to approach privacy, security, and trust in collaborative computations. In this article, we will explore the significance of ZK-proofs in cryptography and how their combination with MPC empowers secure and private computations. We will delve into ...

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September 19, 2023

Decentralized finance (DeFi) vs. traditional financial systems

Decentralized finance (or DeFi) has become popular and the popularity is rapidly growing on showing high potential as a convenient platform for transactions and financial services. Being built on blockchain, it opens broad horizons for creating and exchanging assets without intermediaries, and provides more transparency and security. There is one specific benefit, that it provides individuals who have difficulties with access or use of ...

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September 15, 2023

Web 2.5 is Approaching (and New Exploits, Too)

Mass adoption has been a cornerstone of the crypto industry for years. While everyone realized that the only way to make crypto flourishing is to provide its services and benefits for the widest audience possible early on, this was easier said than done due to the level of knowledge required to use the tech (which was a bit too high for normal people). But now, with the advent of Web 2.5 Ã¢â‚¬â€;&# ...

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September 12, 2023

DeFi-infrastructure innovations for utility NFT

The current market of utility NFT is growing gradually. Many of them fall within the sphere of play-to-earn games (such utility assets are called GameFi and their value is based on the internal market and game tokenomics). New projects and platforms are coming out to the market to make the user’s (traders, borrowers and creditors) lives more comfortable and secure. The market mechanisms quite often look too complicated which leads to ...

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