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πŸ“WEB 3.0 - THE NEXT GENERATION OF THE INTERNET

πŸ”ΉWeb 3.0 represents the next generation of the Internet, focusing on transferring power away from centralized parties and onto individual users.

πŸ‘‰Let's take a look at our infographic above and see:

❓How is the transition from web 1.0 to web 3.0 like an inevitable movement through the years?
❓What are the advantages and disadvantages of this new wave?

πŸ‘‰For thorough articles, click here:
https://techfi.tech/application-transition-from-web2-0-to-web3-0/
https://techfi.tech/introduction-to-web-3/
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Fundamentally, AKASHA’s user functionalities are quite similar to other social networks. But the point that makes AKASHA different from the rest is that the content in AKASHA is published over a decentralized network rather than on regular central servers.
πŸ“ If you want to know more about the decentralized social platform, read this:
πŸ”— https://techfi.tech/akasha-the-next-generation-of-social-network/
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πŸ“[MONTHLY REPORT] APRIL 2022: GEIST FINANCE

🌱Geist Finance is a decentralized, non-custodial liquidity market protocol operating on the Fantom Opera blockchain.

πŸ”Ž In the latest report, we provide readers with critical statistics, consisting of transaction value, liquidation status, and the number of users participating in this protocol.

πŸ”Ž Check out the infographic above and read the full report here: https://techfi.tech/monthly-report-geist-finance/
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πŸ«‚TRAVA FINANCE AND TECHFI - PARNERSHIP ANNOUNCEMENT

πŸ“In the need of gaining equal opportunities and financial inclusion, we are pleased to announce the close relationship as a strategic partnership between TechFi and Trava Finance.

πŸ’ͺ Following this, we will leverage the background of both parties to top into each others’ strengths and provide joint solutions.

πŸ’ͺTogether, we expand the current market, develop marketing performance, and, most importantly, provide users with thorough insights into blockchain technology by cooperating in:

🌱Technical support
🌱Business development
🌱Marketing and communication
🌱Academic support

πŸ“For more details: Click here.
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πŸŽ‰In addition, to celebrate the two parties' collaboration, an inclusive design contest will be opened.

🌱Stay tuned for it!
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✨THE β€œSTEPSTONE” DESIGN CONTEST

πŸŽ‰To celebrate the collaboration between Trava Finance and TechFi, we would like to open a design contest.

πŸŽ‰This is the beginning of a long-term relationship as a chance for users of both Trava and TechFi to show their talent and earn rewards:

πŸ’Ž18 chests in total (90.000 TRAVA)
πŸ’ŽThe chance to bring your own NFT to the Trava Marketplace and earn 20% from selling it.
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πŸ“Click here for specific guidelines and requirements.

πŸ“Follow these simple steps.

🌱Step 1.
- Follow our Twitter channels: trava_finance and Techfi_Info
- Join our telegram: Trava Official Channel and TechFi
- Subscribe to our website: https://techfi.tech/

🌱Step 2. Create and post your creative design on Twitter:
- With the hashtags: #Designcontest #TechFi #Trava
- Tag @Techfi_Info and @trava_finance and two of your friends

🌱Step 3. Prove your work by filling out THIS FORM
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❓Are you ready?
πŸ“Create your own Ambassador Medivh
πŸ“And be the greatest!
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Ethereum smart contracts are programs deployed as decentralized applications running on the blockchain network. The smart contract is the foundation for many applications such as cryptocurrency, gaming, banking, e-commerce, etc. However, the evolution of smart contracts also comes with security vulnerability and exploit methods. One of the most common exploit methods in a smart contract is reentrancy attack...

⁉️ If you are curious about "What is Reentrancy Attack and How to Prevent it?", click to read the article ⏩:
https://techfi.tech/what-is-a-reentrancy-attack-and-how-to-prevent-it/
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Decentralized Finance is alternating the way we borrow and invest. Flash loans, which are a kind of uncollateralized lending, have gained in popularity, as well as bad press. Flash loan attacks are a common threat, which helps hackers to steal huge amounts of cryptocurrency estimated up to hundreds of millions.

πŸ“ TechFi has summarized the Top 10 Most Famous Flash Loan Attacks in the DeFi community in order to alert investors and developers about the risk of being hacked while utilizing Flash Loan function in crypto platforms.

πŸ‘‰ Check out the infographic above to get more statistics!
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πŸ€ INTRODUCTION TO MOBOX

πŸ“MOBOX is a free-to-play and play-to-earn GameFi ecosystem built on Binance Smart Chain. By combining DeFi yield farming and NFT Gaming, MOBOX creates its metaverse called MOMOverse, where players can mint MOMO NFTs to participate in various activities on the platform.

πŸ“According to DAppRadar Ranking, MOBOX is now the top 1 GameFi project on Binance Smart Chain with about 3.2 million registered users and more than $320 million NFT trade volume.

πŸ”ŽLet’s take a look at their Strengths, Weaknesses, Threats, and Opportunities in the infographic above

πŸ”ŽAnd dig deep into this platform through our article here.
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Centralized storage is easy to be attacked to steal data, and these data are easily manipulated and taken advantage of by a third party. In addition, the effects of the weather condition and natural disasters on the storage facility is also a matter of concern. And Decentralized Storage was born to solve these problems.

πŸ“ŒYou might hear about Decentralized Storage projects before. However, can you point out the differences between each one of them?

πŸ”—Click into the article's link and find out: https://techfi.tech/comparison-on-decentralized-storage-projects/
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πŸ“Œ Bitcoin is one of the most popular and valuable blockchain networks nowadays. With its reputation and net worth hitting the roof, the temptation to possess one also increased rapidly. However, news of millions of dollars worth of bitcoins getting stolen is not uncommon.

πŸ“ TechFi has provided an introduction about the bitcoin security protocol and popular attacking possibilities. The summary is demonstrated in the above infographic.

πŸ‘‰ Check out the full article here: https://techfi.tech/bitcoin-security-quick-look-into-possible-attacks-on-bitcoin/
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Through the article called "Certora Prover - Ensuring Smart Contract Security", we will guide you about the Certora feature with 3 sections: Introduction, purpose, and detailed instruction.

πŸ“ Have a look at the Cetora ecosystem here: https://techfi.tech/certora-prover-ensuring-smart-contract-security/#references
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🎯 Total Value Locked (TVL) is one of the most crucial statistics, which indicates the interaction and interest rate of the investors toward the Defi projects. These numbers also support the investors in evaluating the Liquidity and the potential of the projects in the future, which can help the investors carry out the right investment decision easily. Furthermore, TVL also demonstrates the Supply and Demand of a specific Token in the crypto market.

πŸ“ With the use of TVL, TechFi finds it is essential to provide the TVL of the existing Defi projects for investors to have a clear insight into which projects they should consider investing in.

πŸ‘‰ See the above infographic for a clearer insight into the TVL of each Defi project.
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ERC-4626 is a recently proposed Ethereum token standard, that might solve a problem that exists in DeFi: complexities in the design of money-printing tokens.

⁉️ Curious about the DeFi’s Newest Money Lego? Click here for a brief introduction πŸ‘‰: https://techfi.tech/erc-4626-defis-newest-money-lego/
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The DAO (Decentralized Autonomous Organization) was one of the most extensive crowdfunding campaigns ever recorded on the Ethereum network, raising 150 million USD from more than 11,000 investors. However, it was exploited as a vulnerability nearly three months later, and about $60 million was stolen.

So, how do hackers exploit the vulnerability in The DAO? Learn more here πŸ‘‰
https://techfi.tech/lines-of-code-worth-60-million-dollars-in-the-dao/
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Bitcoin presently uses an agreement protocol referred to as proof-of-work (PoW). That allows the Bitcoin network nodes to agree on the state of all information recorded on the Bitcoin blockchain and prevents certain kinds of economic attacks.

Click the link to read our article and find out more interesting information here: https://techfi.tech/proof-of-work-pow/
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πŸ“ Blockchain technology consists of several built-in security features, such as cryptography, software-mediated contracts, and identity controls. These technologies provide significant levels of data protection and legitimacy by enabling a distributed way to verify access, validate transaction records and maintain privacy. However, the blockchain market has been common with security issues.

πŸ“Œ Blockchain attacks come from both outside and inside factors. Many of these hackers utilize common tactics, such as phishing, social engineering, attacking data in transit, or coding mistakes.

βœ”οΈ There are 5 reasons why the blockchain market has been a target for cybercriminals in recent years, that TechFi will inform you in the attached infographic.
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βœ… INTRODUCTION TO FLOW BLOCKCHAIN

πŸ“Flow is a fast, high-performance, and scalable layer-1 blockchain explicitly designed for the new generation of crypto games, Dapps, and digital assets.

πŸ“Launched by Dapper Labs – the team behind CryptoKitties and NBA Top Shots, Flow aims to serve billions of users with fast, low-cost transactions and a good user experience by introducing multi-node architecture and its own resource-oriented smart contract language-Cadence.

🌱In the article β€œIntroduction to Flow blockchain", we provide readers with thorough information about their strengths, drawbacks, and development potential.

🌱Click HERE now for more details.
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The rise in the value of Bitcoin and other cryptocurrencies and the worldwide success of some large initial coin offerings (ICO) has raised public interest in developments in the digital world. One of the particularly interesting aspects of blockchain technology is decentralized consensus building, which is achieved through the application of various consensus mechanisms. Most blockchain projects use one of the three most popular consensus algorithms: Proof-of-Work (PoW), Proof-of-Stake (PoS), or Delegated Proof-of-Stake (DPoS). These mechanisms ensure that all participants have identical copies of the distributed database files.

You may not know very well about those Popular Consensus Mechanism, so let TechFi figure out for you. πŸ“ Click here now.
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