Guides

Since the launch of blockchain technology in 2011, the financial world has welcomed many other related projects. One of the most innovative yet simple ones is using Non-Fungible Tokens (NFT). An NFT is a unit of data stored on a blockchain, and it assigns unique tags to digital assets which are not subject to any form of change. Even though NFTs sit on the same blockchain technology as cryptos, they are not currencies. Since their debut, NFTs have proven themselves as…

Blockchain technology is steadily becoming the future of a cashless society. As a result, more crypto projects have surfaced to solve the challenges within the traditional financial sector. One such project is UNUS SED LEO. UNUS SED LEO (LEO) is the utility cryptocurrency in the iFinex ecosystem. The token’s name derives from a Latin quote in Aesop's fables. We won't bore you with the entire ancient tale here. However, its moral is that quality is above quantity. And this is…

Since its inception, the decentralized sector has been booming. Fantom is a leading DeFi platform aiming to take this financial revolution to the next level. The project advances at a remarkable speed. For instance, several reputable exchanges have already listed Fantom's native FTM token. Also, some of the most popular DeFi protocols have hosted the coin in the past few months. This short guide takes a closer look at the Fantom project and how it works. Also, we discover its…

A smart contract is a self-executing contract between two traders written directly into lines of code. It contains the terms of the agreement between the buyer and the seller. This code exists on a decentralized, immutable public ledger, enabling the secure exchange of value. Furthermore, that code controls the execution, and the transactions are irreversible, transparent, and trackable. Smart contracts permit the transaction of valuable digital or physical assets between anonymous parties without needing a mediator, legal system, or central authority. The…

When it comes to cryptocurrencies, insider trading does not go without mention. The subject has been a hot topic in the crypto space to the extent of media outlets. In addition, cryptocurrency exchanges such as Coinbase have also faced lawsuits due to allegations of insider trading. Over the years, the government has not set measures against organizations that take part. But, the CFTC's current enforcement practices encompass cryptocurrencies. The regulation will be the same as that applied to securities by the SEC. This article…

Unspent Transaction Output (UTXO) has sparked numerous debates within the crypto community. Although UTXO presents some disadvantages, it is necessary to complete blockchain transactions successfully. Therefore, the UTXO model is a fundamental pillar of several blockchains, including Bitcoin. This article explores UTXO in-depth and includes everything you need to know. It highlights what it is and how it works before discussing the advantages and disadvantages. UTXO Defined: What is it? UTXO stands for Unspent Transaction Output. It refers to the…

The DeFi space releases innovative financial tools almost every month. The latest one on this list should enable users to loan assets with lower-value collateral. Through undercollateralized loans, borrowers would access funds way above their holdings. Also, lenders would earn interest, and lending protocols would surpass traditional banks in approachable crediting services. As you can see, this feature should keep everyone happy. But, unfortunately, it all sounds just too good to be true. After all, undercollateralization should be the next…

At its core, Yield farming, also known as liquidity harvesting, involves the art of lending cryptocurrency. It provides more lucrative returns than any other cryptocurrency or conventional investment. It's a chance for the bold and risk-averse digital holders to win big. The United States Securities and Exchange Commission (SEC) is considering whether to regulate the process. In lending cryptocurrencies, the owner profits when the coin appreciates. Therefore, yield farming is an incentive that stimulates the adoption and growth of cryptocurrencies. Yield farming…

In a volatile crypto market, developers found a way to stabilize trade. The solution comes from the invention of stablecoins, which entered the market in 2014. Stablecoins are digital currencies linked to an asset or a currency. Some of the most popular assets include gold and fiat currencies. The promise of CBDC currencies can lead this evolution to the next step. The US Dollar backs the majority of stablecoins circulating the DeFi ecosystem. Therefore, the value fluctuations of digital currency remain at…