blockchain - Adrian Hetman

Adrian Hetman

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blockchain

A collection of 21 posts

Why focusing on price is giving a completely wrong overview of the blockchain protocols?

Why focusing on price is giving a completely wrong overview of the blockchain protocols?

Since my early days as a smart contract developer, I was fascinated why people are more focused on the token price than what the token actually offers? The answer is quite simple: people want to get rich, and when they put their savings into the project or cryptocurrency, they want

Where can blockchain help?

Where can blockchain help?

Blockchain has been "promoted" as a technology that can help in multiple areas. Still, mainly, people are talking about Blockchain when they talk about cryptocurrencies, prices of BTC/ETH, and new altcoins that want to change the world 🙄. There is so much more to the Blockchain than just

PancakeBunny exploit used for the 3rd time

PancakeBunny exploit used for the 3rd time

When I wrote about PancakeBunny exploit, [https://www.adrianhetman.com/pancakebunny-hacked-for-40m/] I didn’t think I would be reporting the same hack for the 3rd time. But that’s our reality when projects fork another project’s code without changing much. Without even trying to stop the protocol and fix

AutoShark hacked for ~$745k

AutoShark hacked for ~$745k

Bunnies are reproducing quite fast, and as it turns out, not only in nature but also in the blockchain. Autoshark was nearly 1:1 fork of PancakeBunny, and apart from copying all the logic, they also copied the flawed logic responsible for the PancakeBunny hack. A hacker used 100K BNB

Introduction to CBDC

Introduction to CBDC

Central bank digital currencies or CBDC are a new hot topic in old financial institutions and across different countries. CBDCs, as the name suggests, is a digital currency controlled by a central entity, a nation state’s existing financial institutions, like a national bank. Instead of paper banknotes, a bank

Stablecoins. The future we were promised

Stablecoins. The future we were promised

A Stablecoins is a cryptocurrency linked to a physical or digital asset or other fiat currencies, like US dollar, gold, or another cryptocurrency. Stablecoins come with all the benefits of standard cryptocurrencies. They allow us to send money directly and instantaneously to other people on the planet, whether it is

Is anybody safe from hackers in DeFi?

Is anybody safe from hackers in DeFi?

Another day, another hack. For some time, it was relatively calm. I mean somewhat as DeFi space had more than two days time span between hacks. On the 12th of May, XToken has been hacked for around $24M. Yup. Adding only hacks that have happened in May, ~$85M were stolen.

State of security of new DeFi projects

State of security of new DeFi projects

This will be a continuation of a rant on how clients should prepare for an audit. [https://www.adrianhetman.com/how-to-prepare-for-a-security-audit/] Opinions and views are my own if you haven’t catch that 😉 I’ve been auditing smart contracts for 8 months now. I’ve seen my fair share of

How to prepare for a Security Audit

security Featured

How to prepare for a Security Audit

DeFi space is growing strong, TVL is growing even faster, and the stolen value from DeFi protocols. According to DeFi Pulse [https://defipulse.com], the Total Value Locked in DeFi projects is roughly $80.78B. $80.7B... That’s $15B more since I brought that number up in my article

Intro to DeFi

This won’t be a long post as I don’t want to reinvent the wheel and re-tell the same story as many people have told it much better than I even could. I will do a really brief introduction to DeFi for those who don’t know what it

Four Hacks, one week

ethereum Featured

Four Hacks, one week

This was an interesting week. We saw four hacks; first, two happened to one company in few days, and the third hack fuelled a cross-chain attack that happened to my knowledge. Total value lost from Value DeFi and Rari Capital this week is around $36M, whereas $25M belongs to hacks

Shanghai Hard Fork

Shanghai Hard Fork

Berlin, London, now Shanghai named after Devocon2, which took place in that city; Ethereum Core Devs like to travel, that’s for sure. London is defined, and we’re 99% certain what will be included. We’re not expecting any last-minute change to any EIP inclusion, so we can start

London Hard Fork

London Hard Fork

With Berlin's hard fork already on the mainnet since April 15th, all the focus has shifted towards the next upgrades to the network and what do they bring. For you people not knowing what is a hard fork, here’s a quick explainer. A “fork” is a change

New brave world after EIP-1559

New brave world after EIP-1559

In the upcoming London hard-fork, scheduled to happen in July, one significant change London is bringing is the inclusion of the famous EIP-1559. The gas killer, the prodigy, the all-awaited change in the gas fee marketplace. In summary, EIP-1559 changes how gas fees work in Ethereum. From the current system

What the EIP/ERC!?

What the EIP/ERC!?

In Ethereum world ERC-XXX or EIP-XXXX phrases comes up quite often but for people new to the Ethereum world, this looks quite cryptic. What is EIP? EIP stands for Ethereum Improvement Proposal and it is a common way of requesting changes to the Ethereum Network inspired by Bitcoin Improvement Proposals

blockchain Featured

War on Gas

The main issue haunting the Ethereum network is gas prices for each transaction. High gas prices caused many problems and bizarre situations like Kings of Leon’s NFT were cheaper than a transaction cost when the release of their NFT. It's a massive problem for Ethereum making the

"The Docking" of Ethereum

"The Docking" of Ethereum

After EIP-1559 [https://eips.ethereum.org/EIPS/eip-1559] scheduled to be included in London, there was an uprise in miners that threaten to do a show of force by gathering 51% of all hashing power on April 1st. If you don’t know what that means, here’s an explainer:

Can you spot Blockchain in the wild?

Can you spot Blockchain in the wild?

When people often talk about Blockchain (it’s a common topic within a group of friends, give me a break), they often talk about cryptocurrencies, DeFi and NFTs. Not many people explore what’s possible besides that. Still, I’m here to tell you some companies use Blockchain in a

Why hackers can steal from DeFi?

blockchain Featured

Why hackers can steal from DeFi?

DeFi, at the time of writing of this article, has over $65 billion dollars in Total Locker Value (TLV) according to DeFi Pulse [https://defipulse.com]. More than $230M were lost to hackers and scams in 2020 alone. This year's number is only increasing, and we already saw

You won't hear about this on the TV

You won't hear about this on the TV

Imagine a scenario where a hacker successfully steals money or stocks from some financial institution or maybe from hacking credit cards. A hacker stole $1.5 million in the total value of money. A scenario like this would potentially end up discussed on TV or some major media outlets. Imagine

Finding a job in a Blockchain space

Finding a job in a Blockchain space

Finding a job is not always an easy task unless you’re super talented and have a ton of experience. But even people like that started from scratch. The question is, what did these people have done to get where they are? How did they got into that <insert