All Research Reports
Each article shows you exactly how a protocol works — from its core architecture to the trade-offs that drive its design — so you can make sharper technical and strategic decisions.
Aleo and the Architecture of Trustless Privacy: How Zero-Knowledge Proofs Power the First Private Smart-Contract Blockchain
November 27, 2025
Blockchains made digital trust possible. For the first time, strangers could coordinate value and logic without intermed...
x402: The Missing Payment Layer of the Web
November 19, 2025
The web can move information instantly, but it still struggles to move money. Every payment online depends on accounts, ...
Blockchain as a State
October 17, 2025
What if Ethereum isn’t just a network, but a nation? What if Bitcoin is a republic, Solana a technocracy, and Cosmos a f...
The Return of Order Books
September 10, 2025
Why do decentralized exchanges look so different from centralized ones? Until now, most crypto trading on-chain used som...
Berachain and the Rise of Proof-of-Liquidity
September 9, 2025
Imagine if only landlords made money in a city, while the people running stores and restaurants paid rent but got little...