Decentralization is one of the important concepts in cryptocurrency. It allows transactions among strangers to take place anywhere across the world without having a third party. Centralized finance is different, it provides some of the benefits of DeFi with security and ease of use of the traditional financial services. Through CeFi, an investor can spend … Read more
Something that any serious person involved with cryptocurrencies as a trader or otherwise knows is that the coins are bought from various reputable exchanges. In any case, a cryptocurrency exchange acts just like any other brokerage by allowing investors or traders to use fiat money to buy any crypto of choice. Some exchanges have few … Read more
A protocol refers to a set of rules which allow data to be shared among computers. In cryptocurrencies, the protocol establishes a blockchain structure. Blockchains are different. However, it is a protocol that determines the way they work. Protocols do not only exist in the crypto world. For instance, in every organization, there is a … Read more
A decentralized exchange (DEX) in cryptocurrency refers to a peer-to-peer marketplace in which the traders trade cryptos in a non-custodial way. There is no intermediary involved in facilitating the custody and transfer of funds. DEXs substitute intermediaries including payment processors, brokers, banks, as well as other institutions. In addition, blockchains have smart contracts facilitating asset … Read more
The year 2022 has been one full of mixed experiences not only among the ordinary people but also techies. Everyone had been for a better part of January in high spirits to successfully emerge from ravages of Covid-19. But, cryptocurrency, especially bitcoin recorded a great tumble in prices yet. The events of bitcoin staggering especially … Read more
For the longest time, creating a purely virtual currency hit dead end because of challenges associated with autonomous verification of transactions and risks of double spending. But since bitcoin entered the market, it has has made entry into new territories to the extent of being taken in as a legal tender in El Salvador and … Read more
Investing in cryptocurrency is a great way to make money yet a newcomer has to really invest in attentively learning new stuff. The reality about cryptocurrency is that new information keep emerging and trends change by the day. Anything you learned a week ago about crypto may not be as useful today as then. This … Read more
Bitcoin landed with a thud, breathing life into the dormant cryptocurrency ecoystem. But since its advent, bitcoin seems to just have provided room for the emergence of new coins which in their own right contonue shaping crypto at large. Shiba Inu coin is a typical example of budding coins that strive to find their proper … Read more
Just like Tether, USDC is a stablecoin. This means that it is backed by U.S dollars. Besides, Ethereum powers it and it may be used in completing international transactions. Since cryptos were introduced into the market, they have highly gained popularity. The issue has made more people want to invest in cryptos across the world. … Read more
We live in a world where the word “smart” gives just one common meaning and that is, trendy or neo. You will most of the time hear people talk of smart watch, smart clock, smart this…smart that. In the field of money, cryptocurrencies represent that acclaimed smartness. If anything, cryptos mark a departure from the … Read more
