In the cryptocurrency industry, you can make money by trading or investing in projects. However, this usually requires studying a large amount of information and spending a lot of time, and this still does not guarantee a steady income. It is an “active” way to make money, because the amount received will depend on the real effort made. However, there is another way to earn — it’s called passive income.
In this article, we will consider the concept of “dust” in cryptocurrencies. The terms dust or dusting attack are also associated with it. Let’s figure out what the danger of dusty transactions is and how wallets fight these attacks.
The yearn.finance (YFI) token has grown in price from $34 to over $35,000 in just a month and a half. Chainlink LINK jumped from $4.12 to a peak of $19.8 in two months, but then experienced a rebounce to $12. What do these coins have in common? In addition to envy of early buyers who bought coins for pennies, the latter also have a common place of sale. All of them are also sold on the Uniswap decentralized platform.
Before we dive deep into the topic of decentralized stablecoins, Let’s do a quick recap about stablecoins. So, what exactly is a stablecoin? It is a type of cryptocurrency. But the value of stablecoin is pegged to a fiat sometime of a country or multiple national currencies unlike the majority of cryptocurrencies. Not only national currencies but stablecoins are also pegged against physical assets. Basically, stablecoins are cryptocurrencies whose value is backed by one or more financial assets.
The DeFi sector is creating new records almost every month now. Its growth is such that the DeFi’s locked in value has surpassed $9 billion. When it comes to the locked-in value, Balancer is the third-largest DeFi project currently. The total locked-in value of Balancer stands at $1.36 billion. It proves that Balancer is one of the most popular DeFi projects today. So, what is Balancer? Our 5-minute guide will help you know more about it.
A smart contract requires real-world data for execution. So, how does it get real-world data? It leverages decentralized oracle networks to provide data from outside the blockchain. ChainLink provides the decentralized Oracle network required for feeding real-world data to the smart contracts.
