Why is Algorand Special? | DeFi Planet

Why is Algorand Special?

Out of many popular blockchains out there, Algorand is a new one that was made available to the public in 2019. Its underlying principle is focused on solving the blockchain trilemma, which is decentralization, security, and scalability. It is...

Why Does Ethereum Classic Exist? | DeFi Planet

Why Does Ethereum Classic Exist?

Ethereum Classic bears some resemblance to Bitcoin Cash, a hard fork of Bitcoin. Like its counterpart, Ethereum Classic was birthed as a result of different schools of thought of the community members.  It was 2016, and an app on...

What is Tron? | DeFi Planet

What is Tron?

Tron started as an ERC20 token based on the Ethereum blockchain and changed in 2018 when it migrated to its own blockchain. At the moment, Tron is a blockchain like Ethereum that is dedicated to solving issues noticed in...

Beginner’s Guide to Lending and Borrowing in DeFi | DeFi Planet

Beginner’s Guide to Lending and Borrowing in DeFi

For decades, humans have been starved for options when it comes to availing of financial services. With DeFi, this comes to an end. While DeFi doesn’t remove the existing system, it offers users of financial services an improved and...

How Is Blockchain Technology Used In Banking & Finance?

How Is Blockchain Technology Used In Banking & Finance?

Imagine if you could skip the headache of dealing with complicated property purchases and endless paperwork by just clicking a few buttons. Or picture this: sending money across borders in real-time, without those annoying 5-11% extra charges and the...

A Beginner's Guide To Vechain | DeFi Planet

A Beginner’s Guide To Vechain

The underlying concept of Vechain is to improve the supply chain of businesses by leveraging on the innovations that blockchain technology offers. Its purpose is quite different compared to other cryptos out there because it is meant to improve...

8 Types Of Blockchain Consensus Mechanisms You Should Know

8 Types Of Blockchain Consensus Mechanisms You Should Know

Introduction When people live and work together in groups, they often need to establish guidelines and a shared sense of responsibility, known as a "consensus." This consensus represents a set of agreed-upon rules or principles that guide the group's...

An Overview Of Wrapped Bitcoin | DeFi Planet

An Overview Of Wrapped Bitcoin

Bitcoin and Wrapped BTC are two different cryptos, as the latter is an ERC20 token, which is meant to act as a tokenized version of the bitcoin. WBTC is the tokenized version of BTC that allows its users to...

USDT & Tether explained | DeFi Planet

USDT & Tether explained

USDT is a popular stablecoin that is pegged to the dollar and largely free from the volatility that is common in major cryptocurrencies. Volatility has become an issue in the crypto realm, which has discouraged potential crypto users from...

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