A Community-Oriented Consensus Scheme Formulated to Deliver Low Cost, Fast, and Highly Scalable Transactions The consensus scheme is at the heart of every platform built on delivering decentralized transactions. The scheme determines how the platform as one selects, transmits, evaluates and agrees on the validity of such transactions. In order…

By: Arkan Akin, co-founder @ ToroNet Decentralization lies at the core of crypto’s disruptive potential. By removing intermediaries and enabling trustless transactions, decentralized networks offer greater autonomy and control to individuals. As I mentioned in a previous article, crypto integrates into traditional finance, paving the way for an evolution rather…

PRESS RELEASE March 2, 2023 Announcing AgriFi, a first-of-its-kind platform connecting smallholder farmers across Nigeria to financiers worldwide through decentralized finance! The Feed the Future[1] Agricultural Extension & Advisory Services Activity (The Extension Activity), funded by United States Agency for International Development (USAID) Nigeria and Partnership Initiatives in the Niger…

Abstract — Cryptocurrency, the infamous decentralized digital asset with tremendous potential, is said to be risky due to price volatility. To some, this presents an opportunity to build wealth quickly through trading (swapping back and forth between coins and tokens to exploit price swings). However in it’s inception, cryptocurrency is meant to…

How to: Create Your Wallet Open the Wallet Web App 2. Click the ‘Don’t have a TòròNet address’ button to set up your Wallet

While the cryptocurrency ecosystem presents opportunity for investment, most assets are characterized by high risk. Stablecoins have become a piler of the Decentralized Finance (DeFi) ecosystem within crypto networks as they present a way to mitigate some of that risk by solving for price fluctuations. …

On March 23, 2022 an exploit of the Ronin bridge was announced[1] by the network. In this article, we will review how the hack occurred, and how it could have been prevented. The Ronin bridge is similar to other bridge technology,[2][3] whereby an asset in one network, in this case Ethereum -ETH, is locked in a contract, and an equivalent of it, in this case WETH, is created in the other network, in this case the Ronin network.

On Feb 2, 2022 an exploit of the Solana-Ethereum bridge was revealed. In this article, we will review how the hack occurred, and how it could have been prevented. The Wormhole works similar to basic bridge principles, whereby assets are sent to a vault contract on the source blockchain, locked in that vault, and a watcher on the second blockchain mints the same form and value of that asset on the second blockchain. A good summary of how bridges can be found in an earlier publication I shared here and here.

On Feb 5, 2022 an exploit of the Meter bridge was revealed. In this article, we will review how this occurred, and how it could have been prevented. The Meter bridge works similar to basic bridge principles, whereby assets are sent to a vault contract on the source blockchain, locked in that vault, and a watcher on the second blockchain mints the same form and value of that asset on the second blockchain. A good summary of how bridges function can be found in an earlier publication I shared here and here.