One of the significant drawbacks of cryptocurrencies and a limitation to their adoption is how volatile they can be. Its volatility led to the introduction of stablecoins, most of which peg to the USD. Find out how Stablecoins remain Stable, examples, and more. What is a Stablecoin? Stablecoins are cryptocurrencies whose market value is pegged …
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What is a Crypto Mining Pool? Well, mining crypto has evolved from using a mere CPU (from computers and laptops) to a GPU (graphics processing unit) to an ASIC (application-specific integrated circuit). Pools are created when miners lack the efficient processing power to mine a cryptocurrency. Take Bitcoin, for instance. Miners with insufficient processing/computational power …
With the explosion in Decentralized Finance comes new forms of risk for crypto users, one of these risks being something called Impermanent Loss in DeFi. It is a term you may have come across already if you are using liquidity pools, but it is also something that is not necessarily told to users upfront when …
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The rise of decentralized finance (DeFi) has changed the way we buy and sell cryptocurrencies. This article shows a detailed explanation of Automated Market Makers for DeFi, how it works, benefits, and more! Automated Market Maker explained The rise of decentralized finance (DeFi) has altered how we purchase and sell cryptocurrencies. Price and other information …
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Over the years, Liquidity Pools in DeFi protocols have achieved formidable popularity. Interestingly, a major share of the growth of DeFi points towards the decentralization of liquidity by leveraging global liquidity pools. Both the crypto and financial markets rely heavily on liquidity. It refers to the ease with which assets can be converted to cash …
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Crypto Staking is Explained! Consensus mechanisms aside providing security brings about decentralization in decision making on the blockchain. Every node gets to agree on the validation of blocks before they’re added to the chain. The proof of work (PoW) consensus mechanism is used by the popular cryptocurrency Bitcoin. Miners use this mechanism to record transactions …
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What is Web 3.0? In a nutshell, it is the internet’s third generation, which includes concepts such as blockchain technology, decentralization, and token-based economics. But, before this undeniable technology, there were some that existed; let us take a brief look at them. Web 1.0 and Web 2.0 are eras in the evolution of the World …
What is a hard fork in crypto? Forks are caused by the fact that different parties must follow the same rules in order to preserve the blockchain’s history. Alternative chains may emerge when parties are unable to reach an agreement. While most forks are temporary, some are permanent. The difficulty of reaching fast consensus in …
What is Crypto Lending? In short, when you lend your cryptocurrency funds to borrowers in exchange for interest payments, this is known as “crypto lending.”While buying and holding cryptocurrency is the most common way to invest, there are often passive income opportunities that can boost your returns, with crypto lending being one of the most …
As DeFi moves to the forefront of innovation and adoption the understanding of How Crypto Wallet works is essential as crypto wallets have gained even more adoption because of their ability to store, swap, send and receive cryptocurrencies. Find out more! What is a Crypto Wallet? Crypto wallets store, send and receive cryptocurrencies while providing …
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