In the previous post, we talked about the traditional software exploits that exist in the realm of smart contracts and have a reputation of being the root cause of some big DeFi hacks in the recent years. In this article, we dive deeper into the DeFi landscape. To start, we’ll familiarize ourselves with key terms…

Decentralized Finance (DeFi) has emerged as a revolutionary concept in the blockchain and cryptocurrency world, aiming to create a financial system that is open to everyone and operates without any central authority. However, this innovation comes with its own set of vulnerabilities, which have been exploited in various incidents over the years. This set of…

Measures of decentralization play a crucial role in understanding and assessing the distribution of power and resources within various systems, such as Decentralized Autonomous Organizations (DAOs), blockchain networks, and economic structures. In this article, we have explained three indices that have been used to measure decentralization. Gini Coefficient The Gini coefficient, or Gini index, is…

Decentralization in governance has been a concept of interest across various epochs, from ancient to modern times. Traditional governance systems have evolved significantly, reflecting the social, economic, and technological contexts of their times. In ancient civilizations, governance often revolved around centralized figures like monarchs or emperors. However, elements of decentralization existed, such as the Athenian…