Proof of Reserves and its significance in the world of cryptocurrencies
TechnologyApr 26, 2023

Proof of Reserves and its significance in the world of cryptocurrencies

Users of trading and custodial platforms in the cryptocurrency sector are particularly vulnerable to fraudulent practices by the owners of these financial protocols. In the face of this fact, the digital currency industry has developed several ways to reduce potential risks in this area. One of the most widely used methods to protect traders in the world of digital assets is Proof of Reserve.

Apr 26, 2023
Lucas Komarnicki
Lucas Komarnicki
CEO | Tytanid
Bitcoin Halving
TechnologyMar 30, 2023

Bitcoin Halving

If you've been following Bitcoin, you've probably heard a bit about it. But what exactly is Bitcoin halving? When does it happen and what are the reasons behind it?

Mar 30, 2023
Lucas Komarnicki
Lucas Komarnicki
CEO | Tytanid
What are ERC-20 tokens?
TechnologyMar 28, 2023

What are ERC-20 tokens?

The world of cryptocurrencies can seem overwhelming to newcomers, especially those with little technical knowledge of DLT, blockchain, or smart contracts. However, the lucrative investment prospects of many new cryptocurrencies have attracted a wide range of traders, including those who by nature would be cautious about investing in a digital token or cryptocurrency.

Mar 28, 2023
Lucas Komarnicki
Lucas Komarnicki
CEO | Tytanid
Smart Contract Attacks: The Most Spectacular Blockchain Hacks of All Time
TechnologyMar 27, 2023

Smart Contract Attacks: The Most Spectacular Blockchain Hacks of All Time

Smart contracts are a technology that certainly has the potential to revolutionize the way you trade by fully automating financial transactions and related processes. However, like any other technological solution, they are not immune to external attacks that target potential security failures. Experienced cryptocurrency and blockchain users are well aware that there have been at least a couple of smart contract hacks in the past that have led to significant financial losses and severely damaged the trust of the cryptocurrency community. In the following publication, we attempt to illustrate some of the most memorable smart contract hacks ever, and we will analyze the lessons to be learned from them. From the DAO to Bancor, these negative facts from the history of cryptocurrencies have had a lasting and significant impact on the entire blockchain sector, and also serve as a roadmap for the importance of professional security and auditing of smart contracts.

Mar 27, 2023
Lucas Komarnicki
Lucas Komarnicki
CEO | Tytanid
How to restore lost Bitcoins?
TechnologyMar 24, 2023

How to restore lost Bitcoins?

If you are not a person who trades cryptocurrencies on the exchange every day, you probably do not use your crypto wallet regularly. In our daily routine, it may happen that we accidentally forget where we saved the private key to the cryptocurrency wallet or what our recovery phrase is. Recently, The New York Times published information that 28% of BTC in circulation is lost due to lost private keys. Sounds crazy, huh?

Mar 24, 2023
Lucas Komarnicki
Lucas Komarnicki
CEO | Tytanid
What is DeFi? All about decentralized finance
TechnologyMar 12, 2023

What is DeFi? All about decentralized finance

People curious about cryptocurrencies sooner or later come across the term DeFi, which is used to describe so-called decentralized finance.

Mar 12, 2023
Lucas Komarnicki
Lucas Komarnicki
CEO | Tytanid