Articles by Glen Lewis
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Blockchain Fees Explained: What Are They and How Do They Impact Price?Crypto fans or investors often hear about "blockchain fees" or "gas fees". These fees are part of blockchain transactions acting as the cost to use a blockchain network. Whether you are transferring Bitcoin, executing smart contracts on Ethereum or participating in a DeFi protocol on TON, understanding fees helps optimize transactions and investment plans. What are Blockchain Fees? Blockchain fees, often referred to as transaction fees or gas fees, are charges levied on users for conducting transactions on a blockchain network. In proof-of-work (PoW) systems like Bitcoin miners race to solve difficult math problems ‒ thus trans
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The Blockchain Archipelago: A Safe Travel Guide to the Risks of Cross-Chain Bridges.Imagine the blockchain world as a vast archipelago. Each island represents a unique blockchain network. While rich in resources, these islands often stand isolated. Cross-chain bridges like magical pathways connect islands and allow treasures to flow freely between them. However, these bridges have weak spots. Pirates (malicious actors) have already exploited some weaknesses, not only stealing assets but undermining the bridges' credibility. DefiLlama reports over $2.83 billion lost to cross-chain bridge hacks. Understanding vulnerabilities is your first line of defense. DefiLlama states cross-chain bridge hacks have resulted in over