Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
DeFi vs Dapps
DeFi vs. dApps: How do They Work and What’s The Difference?
Decentralized Finance (DeFi) and Decentralized Apps (dApps) are the two major innovations in the crypto space that leverage blockchain technology. These two innovations help eliminate third parties, known as centralization, and give users control over their finances. Both DeFi and dApps are increasingly becoming common in the FINTECH industry as they provide users with data privacy and eliminate monitoring by government and regulatory authorities. DeFi, in particular, has been adopted by Nasdaq and is set to disrupt the traditional banking…
5 years ago