a sort of electronic or virtual money It functions as regular money, such as dollars, pounds, euros, yen, and so on. However, it has no physical counterparts — banknotes or coins that can be carried about — and hence exists only in electronic form.
DeFi has blown up in the past year, and the on-chain activity has been rapidly increasing. The volumes have been so high recently that popular decentralized exchanges like Uniswap can even compete with the volume on some of the centralized exchanges. As of August 2021, there is almost $69 Billion ...
Telling some centralized or traditional finance enthusiasts to embrace cryptocurrencies can be likened to advising them to bear the burdens of Hercules on their shoulders. Many tend to look at some of the issues plaguing crypto, and volatility is a major one. This year, 2021, has gone to show us ...
Binance Chain and Binance Smart Chain are different blockchains belonging to the same ecosystem. Binance Coin (BNB) is the native token of the Binance ecosystem. Binance Chain was an earlier version that was fraught with issues that undermined the growth of the ecosystem. It sacrificed some crucial elements to achieve ...
The blockchain world, especially the decentralized financial realm, needs data to operate effectively, and that is why Chainlink was created. Chainlink is a decentralized oracle protocol that offers real-world data to smart contracts on the blockchain. Many DeFi ecosystems depend on the oracle network that Chainlink offers to function in ...
A source within Amazon whose identity has been masked has reportedly told City A.M, a London business newspaper that the e-commerce giant plans to accept Bitcoin (BTC) payments by the end of 2021. There is a possibility this move will set a broader platform for cryptocurrency payments. Speaking to the ...
Polygon, a “Layer 2” solution for the Ethereum blockchain was recently rebranded from its original name, Matic Protocol. It is a protocol that can be used to build and link Ethereum-compatible blockchain networks. As an open-source platform, it offers developers the necessary tools to create a sidechain or a standalone ...
Polkadot was created by a co-founder of Ethereum, Dr. Gavin Wood, and it is designed to permit blockchains to easily transfer value in a trustless manner while sharing their peculiar functionalities with one another. A key aspect of Polkadot is its top-notch security. According to the founders of Polkadot, this ...
In the crypto world, UniSwap is a popular decentralized exchange (DEX) that is a force to be reckoned with because of the incredible features it offers. It is currently being hosted on the Ethereum blockchain and allows its users to enjoy decentralized token swaps. With UniSwap, Ethereum based tokens can ...
Many blockchain-based platforms may exist, but Ethereum is one of the largest with thousands of decentralized apps being hosted on it. It is a blockchain ecosystem that has Ether-ETH- as its utility token while possessing Solidity as its programming language. Transactions carried out within the ecosystem are verified and recorded ...
FTX cryptocurrency exchange’s valuation has hit a record $18 billion following a $900 million funding round that closed Tuesday. Coming at a time Bitcoin’s price crashed and now selling below $30,000, the second time in less than two months, the valuation shows the daring passion of investors in digital assets. ...
