DeFi Defensibility - How Decentralized Protection Works
Blockchain

DeFi Defensibility: How Decentralized Protection Works

Decentralized Finance or DeFi can be defined as an ecosystem of financial applications that run on the blockchain (Ethereum, Binance Smart Chain, etc). DeFi enables traditional financial services: lending, borrowing trading, asset management; without a single entity having control over user-assets. According to DeFi Pulse, there are over $79.34 billion in total value locked in DeFi. One of the key defining factors of any decentralized…

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August 14, 2021 No Comments
Flash Loan Attack – DeFi Hacking Explained
Cryptocurrency

Flash Loan Attack – DeFi Hacking Explained

Flash loans have gained popularity, however, that led to the unfortunate events of flash loan attacks. Flash Loan attack are an unfortunate reality of decentralized finance (DeFi). There have been numerous proposed solutions for flash loan attacks, however, there has not been a permanent fix To get a better understanding of flash loan attacks, today we’ll be going over everything from the flash loans themselves…

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July 19, 2021 No Comments
Decentralized Exchange (DEX) Explained
Cryptocurrency

Decentralized Exchange (DEX) Explained Clearly

What is a decentralized exchange (DEX)? First, you’ll first need to understand how cryptocurrencies work. You see, many cryptocurrencies are mined in one way or another. After they are mined, they can be used for a variety of functions, from voting rights to consensus, and most importantly, they can be traded, sold, or bought.  The process of trading cryptocurrencies involves transferring them from one cryptocurrency…

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July 3, 2021 No Comments
What is a DeFi Aggregator
Cryptocurrency

DeFi Aggregator: Ultimate Guide! Everything You Need

DeFi Aggregator(s) essentially identify and share successful trading strategies with their users, who are able to adapt the combinations provided to them to their own DeFi trading strategy. Within them, all transactions, as well as combinations, are visible to users to follow them, and this leads to an open as well as a collaborative, and transparent trading option for a lot of people. But to…

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June 7, 2021 No Comments
Binance Futures Volume Reaches Record $2.1 Trillion
Cryptocurrency

Binance Futures Volume Reaches Record $2.1 Trillion

Binance’s cryptocurrency derivatives platform, which revolves around futures contracts, continues to surge in popularity, especially thanks to an increased interest from retail traders. Many cryptocurrencies continue their bull run while Bitcoin is on hold. Despite Bitcoin’s underperformance, Binance’s futures trading platform saw record activity last month, processing $2.14 trillion in volume, up 54% from March, according to the latest Binance futures trading report for April…

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May 31, 2021 No Comments
GPU Mining Everything You Need to Know
Bitcoin

GPU Mining: Everything You Need to Know

GPU mining is this process where people who have mining systems that work through a graphics processing unit (GPU) can solve a complex map problem, which has the intention of solving and verifying electronic transactions. Miners that decide to participate can create digital coins, or get paid for the processing power itself. Crypto-mining originated with the creation of Bitcoin from an individual or a group…

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April 1, 2021 No Comments