Guides

Every crypto user, including the beginner, has met with the word DeFi, an acronym for Decentralized Finance. DeFi consists of an ecosystem of Financial applications developed on top of blockchains. In addition, DeFi introduces the investors' aspect, making returns on the value of their assets through yield farming markets. Yield farming, also known as liquidity mining, is where crypto holders lend cryptocurrencies and get fees and interest as returns. For example, yield farming imposes a similar principle when an individual…

As the decentralized economy expands, developers seek new and exciting ways to unlock liquidity in the blockchain sector. Among these new concepts, the pToken strategy has proven superior technology. pTokens are a type of Ethereum token representing a 1:1 peg with another blockchain asset. Importantly, the "p" in pTokens is provable, portable, and pegged. pTokens are pegged on a 1:1 basis to their underlying digital asset. This enables user access to cross-chain markets without the need to trade their token…

Cryptography is essential for preventing cybercrime and ensuring that delicate information does not reach unauthorized people. Sensitive information may entail data on online payments, emails, internet banking, and even private and service message exchange. There is extensive internet use and, in return, much data on networks, including sensitive information. Therefore, to protect your confidential information from unauthorized personnel, you must implement sophisticated systems to ensure your data's high privacy level.  What, then, is cryptography, and why is it important? What…

Crypto Mining, as we all know, is an expensive investment. For instance, to start mining Bitcoin, you first have to invest in top-end mining rigs and make sure the electricity around your place is cheap, store it in a cool place then connect it to a mining pool. Mining Bitcoin on a smartphone is completely out of the question. However, it is more or less similar to Monero and other top mineable coins out there. But wait, what was the recent…

Blockchain technology has brought numerous innovations, one of them being Decentralized Finance (DeFi). DeFi platforms are the next generation of financial primitives to transform "traditional" financial services such as borrowing, trading, lending, payments, and investing. These platforms employ open-source software and composable frameworks, i.e., smart contracts to offer financial services with no border limitations and in a trustless and transparent manner with no intermediaries present.  DeFi was the hottest topic in the blockchain space in 2020. Today, over 200o DeFi platforms…

Trading bots are computer programs configured to complete buy-and-sell orders automatically. These bots are gaining popularity by the day, and among their best features are good profits, security, user-friendliness, speed, and many others. Bots are also independent of decisions based on human emotions.  The upsurge in companies offering trading bot services makes them a perfect discussion item. The main reason behind the use of trading bots is the crypto market volatility. Since the crypto market is a 24-hour economy, trends…

The increase in the number of cryptocurrencies affords the consumer a more extensive choice of coins. However, exchanging them when needed proves a tedious affair due to the different blockchain technologies.  Usually, the parties will have to find a third entity, such as a cryptocurrency exchange, to act as the transaction's trustee. Consequently, it could be expensive and time-consuming as not all cryptocurrency exchanges support all coins. Therefore, the only recourse is migration of accounts or sourcing for intermediary currencies.…

The phenomenon of Initial Coin Offering (ICO), whose popularity has been growing fast, involves raising capital for new blockchain projects by selling underlying crypto tokens. The process is similar to Initial Public Offerings (IPO), although ICO is unregulated. Its freedom from regulation makes it a perfect option for bypassing the tedious and regulated process imposed by financial institutions and venture capitalists. However, it comes with a set of risks. As an unregulated activity involving financial resources, you would expect some fraud. …

Whenever anyone talks about ICO financing, every crypto enthusiast recalls Ethereum's launch in 2014 as an ICO project. Ethereum has seen great success since its launch and has been able to compete with crypto giant Bitcoin. ICOs primarily deal with the introduction of new cryptocurrencies into the market. The main advantage of ICO to investors is liquidity and decentralization. Unlike other opportunities that bound capital for several years, ICO's capital is accessible from the time of holding. ICOs are also decentralized…