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DeFi Protocols: A Complete Overview

During the early days of blockchain technology, emphasis was excessively placed on the community and its capability of developing blockchain networks. Nonetheless, the arrival of Ethereum changed the blockchain game dramatically, allowing developers to create decentralized apps. Ethereum’s tokenization and innovative contract capabilities sparked discussion about traditional finance’s next step.    Blockchain technology has disrupted…

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Decentralization Finance (DeFi): Digging into the Blockchain Frontier

Decentralized finance (DeFi) is a subset of the cryptocurrency trading business focussing on decentralized financial services. It includes several developer-created financial services accessible by all. DeFi solutions and centralized solutions differ in various aspects. The most important characteristic is that decentralized solutions are governed and controlled by a group of participants via decentralized networks. As…

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Ethereum-Based COMPOUND Protocol: A Complete Overview 

Since the beginning of 2022, the price of the Compound (COMP) token has been declining. COMP has dropped more than 43 percent from $210.27 on January 1 to $115.07 at the time of writing, according to Coin Market Cap (January 31). At the time of writing, the price is more than 87 percent lower than…