All posts tagged: Decentralised

NTK manifesto pitches decentralised governance, anti-drug measures, and Tamil-centric policies

NTK manifesto pitches decentralised governance, anti-drug measures, and Tamil-centric policies

Seeman, chief coordinator of Naam Tamilar Katchi (NTK), releases the party’s manifesto for the upcoming Assembly elections in Chennai on Thursday | Photo Credit: B. Jothi Ramalingam The Naam Tamilar Katchi (NTK) has released its 2026 election manifesto, outlining an expansive governance framework centred on decentralisation, social welfare, and Tamil identity. The manifesto proposes a major administrative overhaul, including the creation of multiple functional capitals across Tamil Nadu to ease pressure on Chennai and improve access to governance. It suggests distributing administrative, legislative, industrial, and cultural functions across cities such as Tiruchi, Chennai, Coimbatore, Madurai, and Kanniyakumari.  A strong focus is placed on agriculture, which the party positions as the backbone of the economy. The document calls for policies to strengthen farmers’ livelihoods, protect natural resources, and ensure food security. It also stresses water management, environmental conservation, and climate resilience as key priorities. Women’s representation On governance, the manifesto proposes dedicated representation for women in legislative bodies, arguing that existing mechanisms have not ensured adequate participation. It calls for reserved constituencies and institutional changes to …

How Blockchain Fragmentation Can Limit the Compatibility and Scalability of Decentralised Technology

How Blockchain Fragmentation Can Limit the Compatibility and Scalability of Decentralised Technology

As blockchains receive continuous fine-tuning and improvements, developers are identifying crucial issues that are restricting the advances in interoperability and scalability of the technology. One such issue is called ‘blockchain fragmentation’. As the term suggests, it refers to a situation where the ecosystem of a blockchain is divided into multiple smaller on-chain networks, each facilitating a different task efficiently. The phenomenon of fragmentation is known to complicate blockchain adoption. It often leads developers to choose between multiple blockchain solutions that do not functionally align with each other. Gadgets 360 spoke to Rohas Nagpal, chief blockchain architect at Hybrid Finance Blockchain (HYFI), a layer-1 blockchain, to understand the process of blockchain fragmentation and how it impacts the ecosystem. “Blockchain fragmentation happens when different blockchains cannot interact smoothly. Each chain works like an island, with its own rules, tokens, and systems. This lack of connection limits the potential of blockchain technology,” Nagpal said. When a blockchain fragments, it essentially obstructs the network from supporting a unified system for value exchange to its full potential. The continuously increasing …

What Roles do Liquidity Pools Play in Decentralised Finance (DeFi): Explained

The decentralized finance (DeFi) sector aims to remove intermediaries like central banks and brokers from financial transactions, focusing mainly on crypto-based services. In this article, we’ll explore liquidity pools, often described as the driving force behind the smooth operation of DeFi protocols. Liquidity pools allow users to quickly convert assets into cash, accelerating transaction processes and ensuring the seamless functioning of these crypto-driven systems. How are Liquidity Pools Formed Liquidity pools are like reservoirs of cryptocurrencies locked within blockchain-based smart contracts. Anyone can become a “liquidity provider” for a DeFi protocol by depositing their crypto tokens into these smart contracts, pooling their assets alongside those of other participants. Each LP needs to deposit token pairs in equal values and in return, LPs get rewarded with LP tokens or LP NFTs. Investors using a DeFi protocol can directly exchange their tokens with fiat currencies or other cryptocurrencies through the liquidity pool linked to the protocol. Decentralised exchanges (DEXs) rely on liquidity pools to maintain stability in operations. Usecases and Advantages of Liquidity Pools As mentioned before, …

Number of Unique Active Wallets, Decentralised Apps Spiked in 2023 Testifying to Web3 Boom: Report

The overall Web3 industry witnessed a bunch of ups and downs in the year of 2023 – but in the midst of all the turmoil, it did manage to attract more attention and recorded a boom. The number of unique active wallets (UAW) that interacted with Web3 spiked by 124 percent in 2023, as per a fresh report by DappRadar. In addition, the number of decentralised apps (dApps) also saw the addition of 2,985 new ones last year. Unique Active Wallets is a term of measurement in the Web3 sector. It represents the number of crypto wallets that were linked with dApps or saw transactions of digital assets over a period of time. In 2023, an average of 4.2 million UAWs engaged with dApps, that run on blockchain networks rather than on traditional servers. Binance’s BNB Chain topped the list of the top ten blockchains by UAW in 2023. Wax, Near, zkSync-Era, Polygon, Ethereum, Abritrum, Hive, Klaytn, and Solana ranked second to tenth respectively on the list, the report by DappRadar showed. “NFT collections have …