DeFi projects are the brightest spot in the whole cryptocurrency market today. It is attracting many new users to the crypto world. It has the potential to revolutionize the global financial services sector. As per DeFi Prime, there are around 100 DeFi projects currently. DeFi Prime is a popular online DeFi project tracking website.
The founder of Cardano, Charles Hoskinson believes that Ethereum has been quite successful when it comes to smart contracts. However, Hoskinson considers Ethereum as a second-gen blockchain. Hence, he thinks that Ethereum must evolve into a better version of itself. When it comes to Cardano, Hoskinson says that the Cardano team has put in an extreme amount of care in its development. All of which goes into the upkeep of Cardano.
The market cap of Ethereum has hit a high that hasn’t been seen since August 2019. The current market cap of Ethereum has crossed $40 billion. So, what is propelling Ethereum to such highs again? It’s the DeFi market. Today, the DeFi market cap has crossed $8 billion with $4 billion locked up in the smart contracts. The value locked in the smart contracts has increased by 400% in the last one month alone.
Websockets have played a monumental role in real-time internet-based communication. But it wasn’t available a few years ago. So, was it possible to communicate over the internet in real-time before WebSockets? It sure was. But it was a tedious task in itself. The speed was nothing to boast about. The real-time internet could only be achieved by hacking web technologies. But web technologies of those times weren’t suitable to work in real-time.
Yield Farming is the talk of the town in the crypto world for some time now. Did the term “Yield Farming” piqued your interest? No worries if you haven’t heard about it. We will explain everything that is to explain about yield farming in this article. You must be wondering what exactly is yield farming, how does it benefit people, and are there any risks involved in it.
The purpose of anonymous cryptocurrencies is to use cryptography to make the information on the blockchain incomprehensible to an observer, but at the same time, the system must ensure that all rules on the network are followed.
Most of the cryptographic solutions that are used today in anonymous coins originally originated as proposals to improve the privacy of Bitcoin, but were not implemented for various reasons.
