A fallback function is a special type of function in smart contracts that is executed when a contract receives Ether (the native currency of Ethereum) but does not match any existing function signature. It allows the contract to handle incoming transactions without any data payload.When a contract is called externally, and the parameters do not correspond to any defined function, the fallback function is triggered. This function is meant to handle such situations and can include actions like logging an event or updating a state variable.Fallback functions can also be used to accept Ether sent directly to the contract. However, they are limited in functionality: they cannot take input parameters, and they do not return any value. It is important to implement a fallback function carefully to avoid potential security vulnerabilities and unintended behavior, as it can serve as a fallback for unexpected interactions with the contract. Proper testing and auditing of this function are essential in ensuring the contract behaves as intended.

Circle Introduces Bridge Kit to Simplify Crosschain USDC Transfers
Circle has launched the Bridge Kit, a new developer toolkit designed to simplify cross-chain transfers of USD Coin (USDC) through