The Bitcoin blockchain itself cannot support smart contracts and sophisticated apps, so to use BTC in a decentralized app, users must first move their BTC in and out of other Bitcoin layers that offer fully expressive smart contracts and decentralized applications. To do that, users go through a “peg,” in which:

A user deposits their Bitcoin (“pegs in”)—we’ll get back to where they deposit in a moment, that’s important.

A user receives a synthetic asset corresponding to the exact amount they d

Polygon supernets and Avalanche subnets are both scalability solutions that aim to help developers deploy or develop app chains rapidly. While they share some similarities, they differ in several ways, including consensus mechanisms, transactions per second, and validator management.

Avalanche has a system of subnets that have dynamic validators working together to achieve consensus. These subnets can be used to create fully customized blockchains on the Avalanche network. In contrast, Polygon

Airdrops have long been a popular way for new projects to gain traction and reward early adopters, especially recently with the successful launch of Blur or the much awaited announcement of Arbitrum.

However, traditional airdrops often do not require any significant commitment from the user, resulting in a low retention rate and little to no engagement with the project beyond simply holding the tokens received. Lately, such terms as “sybil attack” or “airdrop hunters” are oftenly perceived as n

The NFT market has recently been affected by three bank collapse situations. These financial institutions include Silicon Valley Bank, Silvergate, and Signature Bank. Strict rules, a downturn in the economy, a liquidity shortage, and a failure to honor consumer withdrawal requests all contributed to this incident.

Silicon Valley Bank (SVB), a virtual bank, recently went under, and DappRadar observed a sharp decline in trade volumes for non-fungible tokens (NFTs).

According to the DappRadar ana