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Decentralized Finance (DeFi): Definition Decentralized finance (DeFi) technology is a new financial technology based on distributed ledgers similar to those used in cryptocurrencies. Banks and institutions no longer control money, financial products, and financial services.. Understanding DeFi…
It is the year 2022, and the cryptocurrency space is booming. Since bitcoin’s inception in 2009, the cryptocurrency space has come a long way. However, people arriving late to the party have little to no knowledge about cryptocurrency and its function. This article will educate such persons about…
What are Blockchain nodes? Blockchain nodes are network stakeholders and their devices are authorized to keep track of the distributed ledger and serve as communication hubs for various network tasks. A Blockchain node’s primary job is to confirm the legality of each subsequent batch of network…
For any investor, it is essential to be aware of the related risks concerning decentralized finance, better known as Defi. One such significant risk involved in dealing with decentralized finance is impermanent loss. In this blog, we will explore the meaning of impermanent loss…
In response to the growing usage of digital assets within businesses, companies want secure and efficient solutions to scale and operate effectively. For a successful security program, selecting an ideal approach is important to ensuring desired security levels. A prominent aspect of the…
Crypto airdrops refer to a marketing stunt. Here coins or tokens are sent to wallet addresses to promote the launch of a new virtual currency. A small amount of the new virtual currency can be sent to the wallets of active blockchain community members for free. Or in exchange for a small…
Staking Staking is the most comprehensive amongst staking vs yield farming vs liquidity pools. However, unlike yield farming and liquidity pools, it consists of numerous non-crypto definitions that can guide you about your stake assets in a crypto network.. Simply put, staking is the process of…
Aave is a popular platform in the world of cryptocurrency that has gained a lot of attention recently. It is one of the most popular Defi cryptocurrencies. The main reason behind its popularity is - the exceptional technology that comes along with it. Further, it is known for its innovative…
Ethereum tokens gained popularity in 2016 and 2017 as Initial Coin Offerings or ICOs began to use them to represent ownership or value. However, the main aim of deploying Ethereum tokens was to represent in-game assets in 2017, such as in the popular game CryptoKitties. One of the most prominent…
You’ve probably heard the terms “Web 2.0” and “Web 3.0” if you’ve been following the blockchain industry. You might be interested in knowing the exact definitions of these terms and how they relate to blockchain technology. Before reaching its current state, the…
Can you remember how many times you tried the forgot password button last year?Maybe multiple times. In fact, most people forget their passwords in just two weeks. This is where password managers like Google password come in. It saves all our passwords in secure encrypted storage, and only the…
Have you ever thought about how massively dependent we are on technology for even the slightest of our everyday functions? Well, the answer is no!!!