Web3 (313)

Proof of Reserves (PoR) is a relatively new concept in the financial space, and its potential as an auditing method is still being explored. PoRs are cryptographic proofs that the amount a custodian o

Plugging more people into the global financial system requires developing new tools to fit their needs. From self-custody to staking, Proof of Reserves, and more, crypto brings new solutions to the ta

*By Sam Glass, Listings Manager at OKX.* Crypto is a fast-evolving industry with countless narratives floating around, each offering a unique perspective on the future possibilities of crypto. However

You should be hearing more and more about Proof of Reserves but can you explain the difference between a token’s Proof of Reserves and an exchange’s Proof of Reserves? Here’s our quick recap, in simpl

From banks to crypto exchanges, there's lots that can happen when you transfer money to a custodian. But if you think the job of a bank is to store your cash, you might be in for a surprise. Here's ou

Publishing transparent and frequent Proofs of Reserves (PoR) is crucial for centralized exchanges who want to prove their solvency. OKX uses [Merkle tree verification](/learn/merkle-trees) to prove th

Blockchain is a type of distributed ledger technology (DLT) that facilitates the sharing and storage of data and information in groups called blocks. The emerging technology has gained substantial pop

Does India's adoption of the Unified Payments Interface (UPI) signify the start of a new digital payment revolution? The potential is there. Web3 decentralized protocols and technologies offer individuals more control over their data, identities, and transactions, which could be the next step in the evolution of the internet. With India's evolving digital payment infrastructure, the country is well-positioned to take advantage of the possibilities of decentralization.

The cryptocurrency industry has brought of new terminology, and it continues to do so as it grows. Some terms are similar to the ones you might know from traditional finance. For example, Initial Coin

2023 has already shown itself to be a big year for regulation in crypto, and we’ve not even reached the halfway point. As more nations roll out a regulatory framework for crypto assets, our industry c

## BRC-20 and Bitcoin staking are coming to OKX Web3 Earn BRC-20 rapidly gained momentum within the Bitcoin community when it landed on March 8, 2023. A fungible token standard made specifically for t

ConsenSys is the leading global blockchain technology company behind a groundbreaking new solution that's helping address Ethereum's scalability challenge — Linea . To date, ConsenSys has been pivotal in advancing the adoption and development of decentralized applications (DApps) on the Ethereum blockchain. Founded by Joseph Lubin, one of the co-founders of Ethereum, ConsenSys has emerged as a key player in the blockchain space.

2023 has seen many AI innovations emerge, from conversational wonders like ChatGPT to extraordinary feats in generative AI. These advancements have undoubtedly reshaped how we interact, work, and play. But are they also opening the door to fresh challenges?

In the fast-paced world of digital assets, it’s essential to have a reliable tool to monitor and analyze smart contracts on the Solana network. This is where Solscan comes in. In this guide, we'll introduce you to Solscan, an analytics platform that allows you to view and analyze Solana smart contracts easily.

Have you ever imagined having a stake in the digital space, similar to having possession of a physical artwork in an art gallery? This is made possible through the use of non-fungible tokens (NFTs) . These digital assets certify you as the owner of a singular item on a blockchain. Unlike cryptocurrencies, every NFT has a distinct code, making it irreplaceable and confirming its authenticity.

OKX offers a wide range of digital assets for trading and storage, including BRC-20 tokens. Depositing and withdrawing BRC-20 tokens on OKX is a straightforward process, and every step of the way, the

You’ll often see crypto projects talk about ‘burning’ coins, but what is the practice and why does it happen? In short, cryptocurrency burning refers to the process of permanently removing a specific number of tokens from the supply in circulation. The act of burning tokens is permanent, meaning the assets are destroyed forever.

If Web3 is going to take over the globe, it's going to have to change. For some, DeFi, NFTs, dApps, DAOs, and everything in between have already been exciting enough to dive in. But, as all crypto users know, this exploration isn't without risk. And that risk can be ‌reason enough to stay away. Enter our latest feature, OKX Smart Account , an extension of our commitment to building the safest, most secure, and most affordable Web3 experience around.

What role do decentralized exchanges (DEX) play in today's crypto environment? DEXs allow you to trade digital assets without third-party involvement. Among DEXs, we're witnessing an increase in the usage of crypto perpetual contracts. These contracts are essentially agreements that let traders benefit from asset price movements without the obligation to own or settle the asset. Meanwhile, zero-knowledge proofs (ZK proofs) have been a game-changer in the DeFi space, introducing solutions to privacy and scalability issues.

The original decentralized finance (DeFi) sector has been around for years, but it only became big in 2020. After it got under the spotlight, a number of highly successful projects emerged. However, j

Have you ever wondered how Bitcoin, designed initially as a digital currency , is evolving with new technologies? One example is BitVM, short for Bitcoin Virtual Machine — a computational engine introduced by Robert Linus.

Blockchain technology has revolutionized how we interact with digital assets and decentralized applications. MetaMask is a popular browser extension that allows users to manage their Ethereum-based di

Zero-knowledge (ZK) technology refers to a cryptographic method that allows one party to confirm the proof of a statement without revealing any information beyond the statement of truth itself. In short, it helps to increase confidentiality and safeguard digital transactions.

Have you ever wondered how certain research projects get funded? How about why some groundbreaking discoveries sometimes seem to take forever to materialize? With a lack of transparency and funding troubles existing, it's no wonder scientists are considering decentralized science (DeSci) to be a revolutionary movement that aims to shake up the traditional scientific landscape.