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Crypto

Blockchain vs. TradFi — Revolution or Evolution?

This article explores the coexistence of Web3 and TradFi in the financial industry, discussing how blockchain technology can bring traditional finance to the next level and the benefits of such an evolution. It also highlights the challenges that financial institutions face when trying to adopt new technology, regulatory and legal frameworks, and scalability issues.

This article explores the coexistence of Web3 and TradFi in the financial industry, discussing how blockchain technology can bring traditional finance to the next level and the benefits of such an evolution. It also highlights the challenges that financial institutions face when trying to adopt new technology, regulatory and legal frameworks, and scalability issues.

Crypto Bridges – Hacking Targets & Alternative Solutions

Crypto bridges are a tool that enables the use of assets on one blockchain on another without transferring or exchanging them, solving the interoperability problem between blockchains. However, this solution has become a popular target for hackers, with an estimated $2bn stolen from bridging solutions in 2022 alone. Crypto bridges can be classified into various categories, including asset-specific, chain-specific, application-specific, and generalized bridges, each with a specific purpose. They can also be classified by their security mechanism, including trusted, trustless, insured, and bonded bridges. While many crypto bridges use varying degrees of trustlessness, they present risks associated with smart contract risk, technology risk, censorship risk, custodial risk, collateral as a target, under-collateralization, and loss of collateral value. The rise of crypto bridge exploits has led to the need for improvement in security and reliability, with developers needing to accept responsibility and prioritize the protocol’s security over all other aspects.

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BizUnity – Bridging Web3 and Investors

We support Web3, Fintech and AI projects to streamline the fundraising process by reviewing their business model, advising on areas of improvement, and connecting them with a network of potential investors.

BizUnity exclusively focuses on Web3 projects that seek to resolve a real-world problem and thus provide value to the ecosystem and investors.

BizUnity screens our partnering VCs for their competence and commitment. This ensures that deal requests can be placed in a targeted approach, facilitating time to market for both parties, investor and project.

Through our parent company, we can consult our clients and support them on their journey with advice, resources, and strategic partnerships.

BizUnity, a subsidiary of Inside The Block, provides a networking platform for Web3 projects and VCs.