Articles by STON.fi
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BTCFi: how BRC-20 tokens are shaping Bitcoin’s ecosystemBitcoin, long recognized as a digital store of value and medium of exchange, has traditionally lagged behind Ethereum in decentralized finance (DeFi). However, the advent of BTCFi and BRC-20 tokens is changing this landscape. What Are BRC-20 Tokens? BRC-20 tokens are fungible tokens on the Bitcoin blockchain, using the Bitcoin Ordinals protocol. This protocol inscribes data onto satoshis (Bitcoin's smallest units) as JSON, including token details like name and supply. BRC-20 aims to bring token functionality to Bitcoin, similar to Ethereum's ERC-20 tokens, but with Bitcoin's unique features. Unlike ERC-20 tokens that use smart contracts
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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