Decentralized finance (aka DeFi) refers to digital, peer-to-peer financial services technologies that permit crypto trading, loans, interest accounts, and other services. It is reliant on public blockchains like Ethereum and cryptocurrencies. In the sci-fi world of digital currencies, DeFi creators want to cut out traditional …
What is DeFi again?DeFi protocols are blockchain-based platforms that offer a range of financial services you would typically find in the traditional space, such as: Loans. Insurance. Interest-bearing accounts. The key difference is, DeFi platforms run entirely using smart contracts rather than having an intermediary …
With time comes growth, opportunity, and, most importantly, change. We saw this when DVDs were traded in for streaming apps, when books were cast aside for tablets, and now, as cryptocurrencies are taking the place of traditional forms of payment. Cryptocurrencies are currently taking the …
What Are DeFi Tokens? Decentralized finance tokens provide crypto users with access to a number of bank-like services such as loans, lending and insurance. DeFi tokens represent a diverse set of cryptocurrencies native to automated, decentralized platforms that operate using smart contracts. These provide users’ …
As a beginner, I can tell you that it has been a roller coaster of super crazy highs and even more super crazy lows. I have watched some crypto pairs rise 11,000%, 800%, 200%, and even 5% on some days. At times I have managed …
Just when it looked like the crypto market was finally stabilizing after a steep sell-off earlier in the year, along came the overnight meltdown of cryptocurrency exchange FTX and a wave of panic selling by crypto investors. Understandably, many investors are now concerned about the …
The cryptocurrency market is filled with projects of different kinds, each serving a particular purpose. With more than 21,000 cryptocurrencies in existence today, the options for choosing one to invest in are endless. This is because, according to experts, almost 90% of these coins that …
What is DeFi? Setting the scene. Bitcoin represents the first peer-to-peer electronic payment system that allows the trustless transfer of value between two unknown parties without a centralized intermediary. Ethereum represents the first Turing-complete blockchain; it can understand agreements and implement future agreements. This means …
What is a DeFi exchange? Decentralized finance or DeFi is financial instruments in the form of services and apps, which are managed not by centralized companies, banks, or regulators, but by decentralized blockchain protocols. In 2020, these projects became the main growth driver of the …
There are tons of digital crypto assets out there that cost less than $1 — they even have their own name, “penny cryptocurrencies.” Despite their low price, many of those coins and tokens have proven to be good additions to investors’ portfolios and made many …