The Following is an Excerpt from this Book DeFi (Decentralized Finance) is the phenomenon that optimizes decentralized networks to convert old financial products into unstable, open protocols that operate without the interference of intermediaries. A website viz., defi.network, set up by a group of DeFi-driven entrepreneurs, built what is termed as Open Community of Decentralized […]
Blockchain-built dApps, protocols, smart contracts, and digital assets are the key elements of decentralized finance. The Ethereum framework is the primary choice for the DeFi application considering the adaptability and the level of development, but that doesn’t imply it’s the only blockchain forum. DeFi is a development in the cryptocurrency industry, aimed at recreating conventional […]
Until the introduction of Altcoins, Cryptocurrency was just another word for Bitcoin. Majority of the market is still based on Bitcoin, as it was in the beginning. Origin of Bitcoin is still a topic of debate and speculation. The speculation being that invention was done by one person by the name Satoshi Nakamoto or many […]
Since the time money has been used for transactions, we have relied on organizations like banks and financial institutions as well as the government in order to authenticate, verify and validate our transactions. These are intermediaries who build trust in a transaction and who ensure that a record is maintained of the transactions conducted on […]
Have you ever wondered how bitcoin comes to being? Well, it comes to being via mining. The mining process serves as means of adding transactions to your blockchain account and also as means of releasing new bitcoin. It involves compilation of all recent bitcoin transactions into several blocks and trying to solve difficult puzzles in […]