DeFi Growth and the Road Ahead Decentralized Finance (DeFi) is one of the most popular developments in the crypto-asset space, which recreates traditional financial systems in a decentralized, open, autonomous, and permissionless way. Despite a harsh bear market, DeFi has proven resilient and has been incredible to witness throughout 2022. The DeFi market saw the […]
DeFi Aggregator – Designing & Building The Ultimate A DeFi aggregator is a platform that allows users to access various decentralized finance (DeFi) protocols and services in a single place. DeFi protocols are blockchain-based financial services that operate without intermediaries, such as banks, and offer various financial products, such as lending, borrowing, and trading. DeFi […]
The Power of Cross-Chain Decentralized Finance Services What are decentralized finance services? Decentralized finance services are the new financial paradigms that manage financial transactions using cryptocurrencies and blockchain technology. The objective of the technology is to democratize finance by substituting traditional centralized intermediaries with peer-to-peer relationships to support a wide range of financial services, including […]
Key components of dApp: NFT Marketplace, DeFi, and GameFi dApp industry has been showing significant signs of growth in different sectors, such as DeFi, GameFi, and the NFT marketplace. Each sector has different and unique dApp components to achieve high reliability, security, and privacy. The following blog provides a brief about how these dApps are […]
What will happen if zkKYC is applied to DeFi The reluctance from the DeFi industry is high as a KYC by nature is anti-anonymity. Whereas, the regulatory authorities are hoping zkKYC would bring some amount of “control” over the unregulated digital realm of money making. How did DeFi reach here? In the first half of […]
A General Idea Of DeFi Flash Loans: The DeFi flash loan is an uncollateralized loan where crypto assets can be borrowed without upfront collateral as long as the borrowed assets are returned in a single, instantaneous transaction. In case, the user is unable to repay the loan before the transaction is completed, the smart contract […]
What is Decentralized Finance? Decentralized Finance (DeFi) is the financial system built on decentralized blockchain technology. It achieves distributed consensus by utilizing smart contracts over the blockchain, such as Ethereum. It is linked explicitly with the Ethereum blockchain and all cryptocurrencies developed on blockchain.Hence, decentralized finance allows two parties to perform transactions securely using a […]
Overview of Web3.0 security – Q2 2022 Recently, the Beosin organisation published its 2022 Quarter-2 Web 3.0 Security report. The report comprised of the latest hacks and exploits that affected the blockchain. Nearly $178 Million were compromised due to Web 3.0 related schemes. It was reported that April month was most active in terms of […]
How will DeFi reduce economic inequality? It cannot be fate that the experts from fundamentally disparate economies acknowledge the revolutionary force that Decentralized Finance is, on the very same day. The economy today, and since forever has favored the wealthy to build their wealth and penalized the financially strained for being so. Decentralized Finance is […]
