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What is Decentralized Finance (Defi)?

DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries. DeFi draws inspiration from blockchain, the technology behind the digital currency bitcoin, which allows several entities to hold a copy of a history of transactions, meaning it isn’t controlled by a single, central source. That’s important because centralized systems and human gatekeepers can limit the speed and sophistication of transactions while offering users less direct control over their money. DeFi...

What are decentralized exchanges, and how do DEXs work?

Posted in Defi, Defi Basics.

Decentralized exchanges, also known as DEXs, are peer-to-peer marketplaces where cryptocurrency traders make transactions directly without handing over management of their funds to an intermediary or custodian. These transactions are facilitated through the use of self-executing agreements written in code called smart contracts. DEXs were created to remove the requirement for any authority to oversee and authorize trades performed within a specific exchange. Decentralized exchanges allow for peer-to-peer (P2P) trading of cryptocurrencies. Peer-to-peer refers to a marketplace that links...

AVAX token continues to surprise the crypto world with aggressive performance

Posted in News, Price info.

AVAX token continues to surprise the crypto world with its aggressive performance. The data shows that AVAX has surpassed SHIB in terms of market cap and holds 11th position. This token has grabbed the attention of investors. The Crypto market is changing the dynamics of the crypto world. Flagship currency is way below altcoins in terms of development and price gains. Recently, we saw a price hype of SHIB after the rumor that the Kraken exchange is going to list it. The Price hype of SHIB has stopped but now another token is getting the attention of investors. This new token is AVAX which...

Altcoins are taking over the cryptocurrency market

Posted in Crypto, Defi, Price info.

Altcoins are taking over the crypto market because 40% of market capital is invested in them. According to CoinMarkCap, there are more than 11000 different coins in the current crypto market. Bitcoin started the market of digital assets back in 2009 and has been very successful over this period. Altcoins are those which were launched after bitcoin’s success and each of these bitcoin comes up with a solution to bitcoin’s drawback. These coins represent themselves as a better replacement for bitcoin and come up with the competitive advantages with a newer version. The Altcoins are dominating...

13 crypto exchanges hold more than 7% of the crypto economy

Posted in Crypto, Defi, News.

13 crypto exchanges hold more than 7% of the crypto economy. The group of these exchanges holds $165.25 billion worth of BTC, ETH, and tether. Each of these exchanges has more than a billion dollars in its reserve. The past two years have been tremendous for the crypto market. Due to the wider adoption and acceptance, crypto has caught the attention of the mainstream media and big institutions. The Crypto market started its journey with the flagship currency, BTC, and now has almost 10k digital assets. The market cap of the crypto world has reached $2.3 trillion. A new report about crypto...

3 best layer 2 solutions

Posted in Crypto, Defi, News, Price info.

Layer 2 crypto assets have become hot digital tokens this year due to their low price and high returns. These assets have the potential of changing the face of the crypto market. It will be a mistake not to invest in these assets in the early stages because their use and price will increase in the coming years. 3 best layer 2 crypto assets are discussed below with their prices. Polygon (MATIC): Polygon network stands at the first position in the list of 5 best layer 2 solutions. Founded by Indian developers, Polygon’s network was designed to solve the scalability and usability...

What is Decentralized Finance (Defi)?

What are decentralized exchanges, and how do DEXs work?

AVAX token continues to surprise the crypto world with aggressive performance

Altcoins are taking over the cryptocurrency market

13 crypto exchanges hold more than 7% of the crypto economy

3 best layer 2 solutions

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