DeFi Synthetic Assets

The concept synthetic asset refers to a collection of assets that have the same value as another asset. Traditionally, synthetic products combine various derivatives — options, futures, or swaps – that mimic the underlying asset – stocks, bonds, commodities, indices, currencies, or interest rates. Also we’ve discussed crypto derivatives in one of our previous articles.

Types of Blockchain Consensus Algorithms

Blockchain has become one of the most well-known technologies in recent times. It all started with the introduction of Bitcoin to the world in 2008. Bitcoin’s price rise from  $0.008 in 2008 to almost $20,000 attracted eyeballs around the world. It catapulted Bitcoin to the position of most talked about topic of the financial world. There’s no doubt that Bitcoin is one of the best examples where blockchain technology was successfully put into use. So, is blockchain limited to bitcoin and cryptocurrencies alone? Absolutely not! Blockchain has many attractive features that make it a revolutionary technology. It has the potential to change many industries for good.